Bitmine Buys Another 10,399 ETH, Treasury Nears 5.8 Million Coins

Bitmine Immersion Technologies, the most important world proprietor of ETH, has continued with its aggressive accumulation technique by including 10,399 cash over the previous week.

Its treasury has constantly elevated over the previous yr and now stands at 5,797,813 ETH – simply shy of the 5.8 million milestone.

Another Big Purchase

The press launch shared by the previous BTC miner reads that its crypto holdings, money, and different investments whole roughly $11.3 billion. Ethereum’s stash alone is at present valued at round $10.9 billion given the asset’s retreat from over $1,900 to below $1,850. Bitmine holds 4.8% of Ethereum’s circulating provide and cemented its place as the most important company holder of the asset.

Moreover, it has diminished the hole with the general chief within the cryptocurrency house, Strategy. The Saylor-co-founded firm has not solely halted its BTC purchases, however has simply announced its third sale of the yr.

According to Bitmine Chairman Tom Lee, the agency has elevated its ETH place each single week because it adopted the Ethereum treasury technique on June 30 final yr. Speaking on the newest Ethereum market efficiency, wherein the altcoin managed to outperform BTC and lots of different alts, Lee famous that it’s a transparent signal its fundamentals proceed to enhance.

Moreover, he claimed that ETH outperformed the Nasdaq 100 by 25% in July, which, as we reported through the weekend, made it the asset’s strongest month in a yr.

“In July, ETH outperformed the Nasdaq 100 by 2,500bp (or 25 proportion factors). This is the most important outperformance since July 2025, and we imagine it’s reflective of the strengthening fundamentals of crypto. Last July (2025), ETH rose from $2,375 to $4,057 by the tip of August,” said Lee.

Staking Progress

Beyond accumulating ETH, the corporate continues increasing its staking operations via its institutional-grade platform known as MAVAN. It has already deployed 4.92 million ETH to work, representing 85% of its total treasury. Based on present yields, Bitmine tasks roughly $291 million in annual staking rewards and $247 million in annualized staking income.

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