- Bitmine has increased its Ethereum treasury to 5.77 million ETH, worth approximately $10.5 billion.
- The company now controls about 4.8% of Ethereum’s total supply, moving closer to its 5% ownership target.
- Chairman Tom Lee says Ethereum’s growing real-world adoption is reinforcing the company’s aggressive accumulation strategy.
Bitmine Immersion Technologies has significantly expanded its Ethereum holdings, bringing its treasury to 5.77 million ETH as the company continues pursuing one of the most ambitious accumulation strategies in the crypto industry.
Based on an estimated ETH price of $1,820, Bitmine’s Ethereum treasury is now valued at roughly $10.5 billion, making it the world’s largest corporate holder of Ether. The company also now ranks as the second-largest corporate cryptocurrency treasury overall, behind only Strategy‘s massive Bitcoin holdings.
The latest purchase added 27,801 ETH over the past week, pushing Bitmine’s ownership to approximately 4.8% of Ethereum’s total circulating supply. The company says it has now reached 96% of its long-term objective of controlling 5% of all ETH in existence.
Tom Lee Says Ethereum’s Utility Is Becoming Clear
Bitmine Chairman Tom Lee said the company remains committed to its aggressive buying strategy, citing Ethereum’s growing real-world adoption as a key reason behind its confidence.
Lee pointed to the recent launch of Robinhood Chain on Ethereum’s mainnet, arguing that millions of users are now interacting with Ethereum-based infrastructure on a daily basis.
According to Lee, Robinhood’s estimated 27 million users are paying transaction fees denominated in ETH, reinforcing the idea that Ethereum is increasingly functioning as digital money rather than simply a speculative asset.
Most of Bitmine’s ETH Is Already Staked
Bitmine revealed that approximately 4.92 million ETH, representing more than 85% of its total holdings, is currently staked to help secure the Ethereum network while generating additional income.
The company reported a seven-day staking yield of 2.70%, with projected annualized staking revenue of roughly $242 million. As its MAVAN validator infrastructure expands, Bitmine expects annual staking income to grow to approximately $284 million.
The strategy allows the company to generate recurring revenue while continuing to hold one of the largest Ethereum treasuries in the world.
Bitmine Holds More Than Just Ethereum
Although Ethereum remains the centerpiece of its balance sheet, Bitmine also maintains exposure to several other assets.
The company disclosed holdings of 206 Bitcoin, alongside a $180 million investment in Beast Industries and a $69 million stake in Eightco Holdings. It also reported approximately $482 million in cash and marketable securities, giving it additional flexibility for future investments.
Ethereum Remains Below Its Record High
Despite Bitmine‘s continued accumulation, Ethereum traded lower on Monday, falling nearly 2% over the previous 24 hours to around $1,766. Even after recent gains, ETH remains roughly 64% below its all-time high of $4,946, reached in August 2025.
Bitmine’s latest purchase highlights growing institutional confidence in Ethereum’s long-term prospects. With the company now controlling nearly 5% of the network’s total supply while generating substantial staking income, its strategy continues to position Ethereum as both a treasury asset and a yield-generating investment.
