BitMine Buys One other 53,501 ETH as Ethereum Stash Blows Previous 5.9M

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

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

Ramping Up

The acquisition introduced immediately is considerably bigger than the latest ones, together with the one from final week, which was for 32,447 ETH. Previously 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. Furthermore, it places Bitmine 98% of the best way towards its self-described “Alchemy of 5%” objective of proudly owning 5% of the whole Ethereum provide.

What’s maybe much more spectacular is the extremely constant accumulation technique. Whilst different main crypto consumers, similar to Technique 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 biggest company Ethereum treasury agency and the second-largest crypto treasury entity total behind Technique, which resumed its BTC purchases after a two-month hiatus.

Maintain Staking

Bitmine has lengthy kept away from merely holding ETH because it continues to stake giant quantities. As of the newest announcement shared by the agency, it has staked 5,067,309 tokens, or roughly 86% of its whole 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%.

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

The submit BitMine Buys One other 53,501 ETH as Ethereum Stash Blows Previous 5.9M appeared first on CryptoPotato.

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