BitMine Buys Another 53,501 ETH as Ethereum Stash Blows Past 5.9M

The former bitcoin miner continues with its aggressive Ethereum purchases, buying greater than 53,000 tokens over the previous week as its large treasury now accommodates 5.9 million ETH, equal to 4.9% of the asset’s complete provide.

At ETH’s reported worth of simply over $2,500 (Sunday information), Bitmine’s Ethereum holdings alone are value almost $15 billion.

Ramping Up

The buy announced as we speak is considerably bigger than the current ones, together with the one from final week, which was for 32,447 ETH. In the previous two weeks alone, the corporate has acquired virtually 86,000 ETH.

The agency now owns 5,901,112 tokens, which represents roughly 4.9% of Ethereum’s circulating provide of 120.7 million. Moreover, it places Bitmine 98% of the best way towards its self-described “Alchemy of 5%” purpose of proudly owning 5% of your complete Ethereum provide.

What’s maybe much more spectacular is the extremely constant accumulation technique. Even as different main crypto consumers, such as Strategy and Metaplanet, paused their acquisitions amid the market uncertainty, Bitmine bought ETH throughout every of the previous 65 weeks, as Chairman Tom Lee identified. Its first purchase got here with the launch of the Ethereum treasury technique on June 30, 2025, and the agency hasn’t missed a single week since.

Bitmine stays the most important company Ethereum treasury agency and the second-largest crypto treasury entity general behind Strategy, which resumed its BTC purchases after a two-month hiatus.

Keep Staking

Bitmine has lengthy kept away from merely holding ETH as it continues to stake massive quantities. As of the newest announcement shared by the agency, it has staked 5,067,309 tokens, or roughly 86% of its complete stash. In USD phrases, the corporate has staked roughly $12.7 billion at reported ETH costs.

It estimates that its present staking operations might generate round $335 million in annualized income, primarily based on its reported seven-day annualized yield of two.63%.

Separately, Bitmine’s complete crypto, money, marketable securities, and different investments have climbed to $15.6 billion, up from $14.9 billion final week. Aside from the ETH fortune, its treasury accommodates 211 BTC, $541 million in money and marketable securities, and investments in Beast Industries and Eighto.

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