Bitmine Surpasses 5.9 Million Ethereum Holdings in Latest Treasury Addition

Bitmine Immersion Technologies has added another significant amount to its Ethereum holdings. The company purchased an additional 27,180 ETH last week, bringing its total holdings to nearly 6 million tokens. This purchase was slightly smaller than the previous week's addition of 28,086 ETH, which lifted its holdings to 5.93 million tokens.

As of Sunday evening, Bitmine held 5,956,378 ETH, worth approximately $14.89 billion, representing roughly 4.9% of Ethereum's supply. The company valued its total holdings at $15.8 billion, including its Ethereum, 212 Bitcoin, $549 million in cash and securities, and stakes in Beast Industries and Eightco Holdings.

Bitmine Chairman Tom Lee noted that the company has bought Ethereum every week since starting its treasury strategy on June 30, 2025. Lee also highlighted the outperformance of ETH compared to other macro assets, stating that it is 'the best-performing macro asset during the quarter, outperforming the S&P 500 by 5,866bp through last Friday.'

About 85% of its Ethereum, 5.07 million ETH, is staked, generating projected annualized revenue of $334 million at a 2.62% yield. Lee stated that revenue could reach $392 million if all its ETH were staked through MAVAN and its partners.