BitMine becomes dominant Ethereum holder with 5. 79 million ETH stash | News. az
BitMine Immersion Technologies has expanded its Ethereum treasury with the purchase of 9,946 ETH, increasing its total holdings to 5,787,414 ETH and bringing the company within reach of its goal of owning 5%. . .
BitMine Immersion Technologies has expanded its Ethereum treasury with the purchase of 9,946 ETH, increasing its total holdings to 5,787,414 ETH and bringing the company within reach of its goal of owning 5% of Ethereum's circulating supply. As of July 26, BitMine's holdings represent approximately 4. 8% of the estimated 120. 7 million ETH currently in circulation, making it the world's largest corporate Ethereum treasury,News. Azreports, citingCryptonomist. The latest purchase extends a streak of weekly Ethereum acquisitions that began when the company launched its treasury strategy on June 30, 2025. RECOMMENDED STORIESTrump urges Senate to stay in session until SAVE America Act passesEthereum tops blockchain developer activity rankings as BNB Chain followsANCA’s “victory on credit”: Why the congressional vote changes littleRubio: Nothing Iran is doing increases its ability to target AmericansBitMine has also committed the majority of its holdings to staking. According to the company, 4,917,189 ETH—around 85% of its Ethereum portfolio—has been staked through its validator infrastructure, making it one of the largest ETH staking operations globally. Based on current yields, the company projects annual staking revenue of approximately $254 million, with potential rewards rising to nearly $299 million once its holdings are fully deployed through its Made in America Validator Network (MAVAN) platform and external staking partners. Beyond Ethereum, BitMine's portfolio includes 208 Bitcoin, a $180 million investment in Beast Industries, a $61 million stake in Eightco Holdings, and $268 million in cash and marketable securities. The company said its combined crypto and investment assets are valued at approximately $11. 8 billion. Chairman Tom Lee said improving market indicators support the company's long-term strategy. He noted that Ethereum recently reached a 10-week price high, while the ETH/BTC ratio climbed to a three-month high of 0. 3000, a metric often viewed as a measure of Ethereum's relative strength against Bitcoin. Lee also cited market analysis suggestingEthereumcould continue gaining momentum if current trends persist. In addition to expanding its crypto holdings, BitMine is repurchasing its own shares under a $4 billion buyback program. The company bought back 6. 1 million shares last week, bringing total repurchases since early July to 11. 6 million shares, reflecting management's confidence in the company's valuation. With nearly 5% of Ethereum's circulating supply under its control and most of those tokens locked in staking, BitMine has emerged as one of the most influential institutional investors in the Ethereum ecosystem, reinforcing growing corporate interest in digital asset treasury strategies. News. AzBy Aysel Mammadzada