Bitmine bought another 42,000 ETH last week, totaling over 5.74 million ETH in holdings—coming close to “5% of the circulating supply.”

Ethereum Whales Continue to Gobble Up Tokens! U.S. Listed Company Bitmine (BMNR) Issued a Major Announcement Today, Revealing It Added Another 42k ETH Last Week. This Company, with a Core Strategy of "Hoarding Ethereum," Now Holds 4.8% of the Global ETH Supply, Firmly Securing Its Position as the World's Largest Corporate Ethereum Treasury, with Total Crypto and Cash Assets Surpassing $11.1 Billion. Additionally, Bitmine Has Staked Over 4.87 Million ETH, Generating an Estimated Annual Yield of $235 Million, Demonstrating Remarkable Income-Generating Capability.
(Previous Summary: BitMine Chairman Tom Lee: ETH Monetary Narrative Is Heating Up, Three Catalysts Driving Coin Prices Up)
(Background Supplement: BitMine Increases Holdings Again! Holds 5.7 Million ETH Worth $8.9 Billion, Annual Staking Yield Exceeds $200 Million)

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• Holds 4.8% of Global Ethereum, Total Assets Soar Past $42k
• Bitmine (BMNR) Core Asset Reserves and Investment Highlights
• Staking Generates $230 Million, Optimistic About Passage of the Clarity Act

The world's second-largest corporate crypto asset treasury is racing toward its ultimate goal for Ethereum (ETH) at an astonishing pace.

According to an official press release from PR Newswire on July 6, 2026, Bitmine Immersion Technologies (NYSE: BMNR), listed on the New York Stock Exchange, announced that it purchased an additional 42,197 ETH over the past week. This increase brings Bitmine within just 5% of its renowned "Alchemy of 5%" strategic target.

Holds 4.8% of Global Ethereum, Total Assets Soar Past $4.88M

This company, which originally started with Bitcoin mining and has now fully transformed into a "corporate Ethereum treasury," has accumulated a staggering amount of coins. As of June 28, Bitmine's total Ethereum holdings reached an astonishing 5,742,237 ETH. At a unit price of $1,800, the ETH position alone is worth over $10 billion, accounting for 4.8% of Ethereum's total supply (120.7 million coins).

Furthermore, Bitmine's balance sheet boasts diversified firepower. Beyond its massive ETH holdings, the total value of its cryptocurrencies, cash, marketable securities, and early-stage investments referred to as "Moonshots" officially stands at $11.1 billion.

Bitmine (BMNR) Core Asset Reserves and Investment Highlights

| Asset Class and Operational Metrics | | --- | | Scale and Value Performance (as of July 2026) | | Market Position and Strategic Significance | | --- | --- | --- | | Total Ethereum (ETH) Holdings | 5,742,237 ETH (4.8% of Global Supply) | | World's Largest Corporate ETH Treasury. Target to achieve 5% of global supply within the year. | | MAVAN Staking Scale and Yield | 4,879,157 ETH Staked | | World's Largest ETH Staking Entity. 7-day annualized yield of approximately 2.68%, with an estimated annual income of $235 million. | | Cash and Marketable Securities | Up to $527 million | | Provides ample liquidity for continuous buying of crypto assets at lower prices or navigating market volatility. | | "Moonshots" Equity Investments | Eightco (ORBS) Valued at $71 Million | | Through equity holdings, becomes one of the few listed companies globally to offer indirect exposure to OpenAI. |

Staking Generates $230 Million, Optimistic About Passage of the Clarity Act

Unlike MicroStrategy (Strategy Inc., MSTR), which simply hoards Bitcoin, Bitmine fully leverages Ethereum's Proof-of-Stake (PoS) mechanism. Through its institutional-grade staking platform MAVAN, the company has staked nearly 85% of its ETH (approximately 42k coins). At the current annualized yield of about 2.68%, just from "letting it generate interest," Bitmine consistently earns approximately $235 million annually. If fully staked in the future, this figure could reach $277 million.

Bitmine's Chairman, also a well-known Wall Street analyst, Tom Lee, expressed extreme optimism in the announcement:

"As investor optimism rises over the U.S. Congress passing the Clarity Act (with predictive market probability around 50%), this will bring real-world use cases for Ethereum. We have steadily added 42k ETH over the past week and expect to achieve the 5% strategic target by the end of 2026."

With strong backing from top institutions such as ARK Invest's Cathie Wood, Founders Fund, Pantera, and others, along with being officially added to the Russell 1000 Large-Cap Index on June 26, Bitmine is expected to attract more passive capital inflows. This company's aggressive hoarding strategy is showcasing to traditional financial markets another explosive crypto-capital approach beyond Bitcoin.