Crypto
BitMine Surpasses 6 Million ETH Holdings Amid Ethereum Price Recovery
BitMine has expanded its Ethereum holdings, purchasing an additional 17,362 ETH over the past week. This move brings the company's total Ethereum treasury to over 6 million ETH, valued at approximately $16.2 billion.
The purchase is part of BitMine's ongoing strategy to accumulate Ethereum, which began in June 2025. The company now holds around 4.9% of the estimated 122.1 million ETH supply.
BitMine's Ethereum staking operations generated a seven-day annualized yield of 2.62%, with projected annualized staking revenue of about $358 million based on current figures.
Ethereum's price has also seen a strong recovery, closing above the 50-week moving average for the second consecutive week and recording its strongest weekly close in eight months.