Bitmine adds 7,391 ether in a week, bringing total Ethereum holdings to 5.81 million ETH

Bitmine Immersion Technologies (BMNR) has increased its Ethereum (ETH) treasury to 5,805,238 ETH, representing 4.8% of the second-largest cryptocurrency's supply, the company said Monday.The Ethereum treasury is worth roughly $11 billion, positioning Bitmine as the largest corporate ether holder globally and the second-largest corporate crypto treasury overall, trailing only Strategy's $55 billion bitcoin position, according to a statement.The latest figure marks an increase of 7,391 ETH over the prior week and places Bitmine 96% of the way toward its stated "alchemy of 5%" target, representing 5% of ether's 120.7 million circulating supply.Of the total ETH held, 5,067,309 tokens, valued at $9.8 billion, are staked through the company's MAVAN platform and staking partners. The company projects annualized staking revenues of $257 million.Beyond ETH, Bitmine held 209 BTC, a $180 million stake in Beast Industries, and a $69 million stake in Eightco Holdings. The company also reported $104 million in cash and marketable securities.Additionally, Bitmine repurchased 3 million common shares over the past week, bringing total repurchases since July 1 to 19.1 million shares under its previously authorized $4 billion buyback program, according to Chairman Tom Lee.Lee said ether outperformed bitcoin by 1,100 basis points in July. He also said the market-implied odds of a September Federal Reserve rate hike had fallen to 40% from 75% two weeks earlier, citing softer inflation and jobs data.Ether traded above $1,900 on Monday, according to The Block’s ETH 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.