Bitmine Immersion Technologies (BMNR) has significantly expanded its Ethereum treasury, now holding 5.77 million ETH—equivalent to 4.8% of the total supply of the world’s second-largest cryptocurrency, the company announced Monday.
At a market price of $1,820 per ETH, Bitmine’s Ethereum holdings are valued at approximately $10.5 billion, making it the largest corporate holder of ether globally and the second-largest corporate crypto treasury overall, behind only Strategy’s $54 billion Bitcoin position.
The latest update reflects an addition of 27,801 ETH over the prior week, bringing Bitmine to 96% of its stated goal to accumulate 5% of Ethereum’s current circulating supply of 120.7 million tokens—a target the company refers to as its “alchemy of 5%.”
Chairman Tom Lee emphasized the company’s continued aggressive acquisition strategy, citing the upcoming July 1 mainnet launch of Robinhood Chain as validation of Ethereum’s growing utility and product-market fit.
“Robinhood’s 27 million users are paying crypto fees denominated in ETH,” Lee said in the statement. “In other words, everyday users are starting to see ETH as money.”
Despite this bullish sentiment, ether’s price declined 1.95% in the past 24 hours, trading at $1,766 on Monday, according to The Block’s ETH price page. The asset remains 64% below its all-time high of $4,946, which was reached in August 2025.
Bitmine also disclosed that 4.92 million ETH—over 85% of its total holdings—are currently staked. The company reports a 2.70% seven-day staking yield, with annualized staking revenue projected at $242 million, expected to rise to approximately $284 million at scale through its MAVAN validator infrastructure.
Beyond Ethereum, Bitmine holds 206 BTC, a $180 million stake in Beast Industries, a $69 million stake in Eightco Holdings, and $482 million in cash and marketable securities.
Shares of Bitmine closed Friday at $14.98, up 1.97% for the day, per The Block’s BMNR price page.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：以上内容(如有图片或视频亦包括在内)均为平台用户上传并发布，本平台仅提供信息存储服务，对本页面内容所引致的错误、不确或遗漏，概不负任何法律责任，相关信息仅供参考。
本站尊重他人的知识产权、名誉权等法律法规所规定的合法权益!如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到qklwk88@163.com，本站相关工作人员将会进行核查处理回复
