BitMine Holds 5.98M ETH And Moves Closer To 5 % Of Supply

BitMine has just acquired 27562 additional Ethers for nearly 75.2 million dollars, bringing its treasury to about 6 million ETH. Thus, the company is approaching its goal of owning 5% of the total Ethereum supply, the world’s second largest crypto.

BitMine brings its treasury to 5.98 million ETH

BitMine Immersion Technologies continued its purchases over the past week. Indeed, the company added 27562 ETH to its treasury. This acquisition was worth nearly 75.2 million dollars when Ether was advancing around 2727 dollars.

The company currently holds 5983940 ETH according to its press release. This portfolio constitutes nearly 4.9% of the 122.1 million Ethers in circulation. Thus, BitMine remains the leading publicly traded company among those who chose ETH as their main reserve asset.

Statistics allow assessing its proximity to the announced goal :

• 27562 ETH were purchased in one week ;
• The transaction amounts to approximately 75.2 million dollars ;
• The total treasury amounts to 5983940 ETH ;
• These holdings are worth nearly 16.3 billion dollars at the price considered ;
• About 121060 ETH are missing to reach 5% of the current supply.

Every week since June 2025, BitMine has acquired Ethers, the date when it adopted a crypto treasury strategy. The company had already invested nearly 68 million dollars in the asset during the previous week.

It would close the remaining gap in four to five weeks if it could maintain exactly its last purchasing pace. The number of ETH in circulation, the price of the asset, and the company’s funding capabilities may still grow.

Staking could generate 357 million dollars

BitMine does not keep all its Ethers inactive. The company has staked nearly 5 million ETH to participate in securing Ethereum and earn the rewards distributed to validators.

This amount equals about 83.6% of its treasury, slightly less than the rounded 85% announced in the company’s communication. At 2727 dollars, the staked Ethers constitute a value close to 13.6 billion dollars.

BitMine believes this activity would yield nearly 357 million dollars per year at current returns. This forecast corresponds to a gross yield close to 2.6% on the value of the concerned ETH.

However, the actual income will not be fixed. It will depend on the Ether price, the total number of validators, the rewards paid by the protocol, and BitMine’s operational performance. Infrastructure costs, possible provider fees, and the risk of penalties can also reduce the net result.

Nevertheless, this policy distinguishes ETH from bitcoin in a treasury strategy. Unlike BTC held without active yield, Ether produces rewards when placed in the network’s validation mechanism.

Tom Lee anticipates a return of institutional investors

Tom Lee, the chairman of BitMine, believes institutional investors remain underexposed to cryptos. According to him, fund managers favored artificial intelligence stocks during the first half of this year.

Ether’s recent performance would modify this allocation. Since the end of June, ETH has grown by 76%, versus nearly 2% for the S&P 500. This gap would push some investors to reassess their low exposure to the crypto market before year-end.

Tom Lee therefore stated:

We expect institutions to significantly increase their exposure during the last three months of 2026.

The executive also considers tokenization of assets and the growing use of blockchains in artificial intelligence as long-term catalysts. Such analysis must however be put into context. Tom Lee heads a company whose valuation immediately depends on investor interest in Ether.

BitMine stock benefits from Ethereum rebound

After an 8% increase last Friday, BitMine stock gained 5.8% before Wall Street opened. Such movement accompanied Ether’s rise to its best level since the end of January.

Concentrating about 5% of the supply in the hands of a listed company nevertheless creates significant exposure to the crypto price. A price drop would reduce the treasury’s value, while frequent stock issuances would dilute shareholders.

Upcoming communications will specify the financing of purchases, the evolution of the number of staked ETH, and the revenues actually generated. Moreover, crossing the 5% threshold could mark a symbolic milestone, yet the strategy’s profitability will mainly depend on the cost of capital and Ethereum’s trajectory.