Bitmine's Ethereum Staking Bet Hits New Highs with $9.6 Billion Locked
Bitmine Immersion Technologies has taken its Ethereum acquisition strategy to new heights, amassing an astonishing 5,787,414 ETH as of July 26, 2026. This staggering total represents approximately 4.8% of Ethereum's entire circulating supply, solidifying Bitmine's position as the world's largest Ethereum treasury by a wide margin.
The company's recent acquisition of 9,946 ETH has further cemented its commitment to staking 85% of its holdings, generating projected annualized staking revenues of $254 million. Chairman Tom Lee emphasized the significance of this move, citing the rising ETH/BTC ratio and ETH reaching a 10-week price high as signs of strengthening market momentum.
Bitmine's strategic positioning is closely watched by traders, who are eager to see whether other institutions follow its lead. The company has executed what it calls the largest common stock buyback ever for any Ethereum or Bitcoin Digital Asset Treasury, repurchasing 11.6 million shares of common stock since July 1, 2026.