Bitmine Increases Ethereum Investment To $19.17B, Lands On Fortune Crypto 100

• Bitmine increases its Ethereum holdings to 5.62 million after buying 76,881 ETH over the past week.
• The company remains over $9 billion down from its total $19.17 billion investment in Ether.
• Despite market headwinds, Bitmine landed fourth on Fortuner Crypto 100’s top DATs and ETFs category.

Bitmine Immersion Technologies (BMNR), a publicly traded digital asset treasury (DAT) enterprise dedicated to Ethereum (ETH), continues its weekly accumulation of the second-largest crypto asset by market cap. It also achieved a new milestone after landing on the Fortune Crypto 100, a “definitive ranking of the most influential companies in blockchain.”

Bitmine’s Ethereum Holdings

On Monday, the company chaired by Tom Lee announced that it acquired 76,881 ETH over the past week. It assessed the assets’ value at around $132.08 million, based on an exchange rate of $1,718 per ETH at the time of disclosure.

However, data from Dropstab and Blockzeit’s Bitmine Ethereum Purchase Tracker reveal that the latest batch of Bitmine’s top-up actually cost $135.46 million, with net proceeds of $127.68 million, at a conversion of $1,660.74 per ETH. Its recent purchase appears to have paid off by Tuesday as Ether traded between $1,711.68 and $1,847.77 in the 24-hour chart.

ADVERTISEMENTBitmine’s Latest Ethereum Purchase (Source: Dropstab)Bitmine now owns 5,620,754 ETH and controls 4.66% of Ethereum’s 12.68 million circulating coins. It moves the company closer to achieving its “Alchemy of 5%” objective.

Bitmine Ethereum Purchase TrackerThe supply adds to the company’s 204 Bitcoin (BTC) holdings, $180 million stake in Beast Industries, $88 million stake in Eightco Holdings (ORBS), and total cash and marketable securities of $502 million.

Bitmine has already invested approximately $19.17 billion in Ethereum. At current rates, though, it’s still down by over $9 billion from its bet on Ether.

ADVERTISEMENTETH to USD## Launch of Series A Preferred Stock

Borrowing a page from Strategy’s (formerly MicroStrategy) playbook, Bitmine also launched its Series A Preferred Stock to boost its Ethereum acquisitions. The new investment instrument offers dividend payments of 9.5%.

Lee called it a “good balance sheet diversification for Bitmine.” He is confident that the company’s current projected annualized staking rewards are more than enough to cover the recurring cash flow of the new stock offering.

Bitmine scales its staked ETH with its holdings. With that, it has increased its stake to 4,718,677 ETH, accounting for 83.95% of its Ether portfolio. Lee estimates that the mechanism yields $226 million annually, which could grow to $269 million if the company fully stakes all its 5.62 million ETH holdings.

Additionally, Lee expects Ethereum’s price to pick up amid the incoming market tailwinds. These include regulatory developments in the US, traditional finance (TradFi) tokenization, and the coin’s potential to be at the forefront of the agentic AI (artificial intelligence) economy.

Landing at Fortune Crypto 100

Moreover, Bitmine proudly announced getting a spot at the Fortune Crypto 100. It currently ranks fourth on Fortune’s list of top DATs and exchange-traded funds (ETFs), surpassing the likes of Fidelity, Bitwise, 21shares, Coinshares, and Metaplanet. Meanwhile, BlackRock, Strategy, and Grayscale locked the top 3 rankings.

Fortune Crypto 100 balances its rankings through rigorous data analysis by Inca Digital, an open-source data analytics and intelligence company specializing in digital assets. Furthermore, it references surveys from leading crypto experts.

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