BitMine buys another $73 million worth of ETH; its holdings as a share of circulating supply rise to 4.8%

Author: The Defiant Team

Compiled by: Deep Tide TechFlow

Deep Tide Briefing: BitMine Immersion Technologies (NYSE: BMNR) bought 42,197 ETH worth about $73 million over the past week. Its total holdings rose to 5,742,237 ETH, accounting for 4.8% of Ethereum’s circulating supply. The Ethereum treasury company, chaired by Tom Lee of Fundstrat, is steadily moving toward its claimed 5% holding target with a consistent weekly accumulation pace.

$73 million ETH added in one week

BitMine Immersion Technologies (NYSE: BMNR), the Ethereum treasury company chaired by Fundstrat chairman Tom Lee, bought 42,197 ETH worth about $73 million over the past week. According to the company’s Monday published holdings update, this addition increased BitMine’s total ETH holdings to 5,742,237 ETH, or roughly 4.8% of Ethereum’s circulating supply.

In disclosures from BitMine’s official account, the company’s total crypto assets and other holdings are valued at $11 billion, including ETH holdings valued at $1,800 per coin, 206 BTC, $180 million equity in Beast Industries, and $71 million equity in Eightco Holdings (NASDAQ: ORBS). The company also holds $527 million in cash and marketable securities.

Staked holdings unchanged

What’s notable is that BitMine’s total staked ETH amounts to 4,879,157 ETH, unchanged from the previous week—despite growth in total holdings, it did not increase its staked position.

This accumulation continues the company’s established strategy, making BitMine the largest enterprise-level ETH holder. The Defiant previously reported that Lee publicly defended the company’s funding model in June (after insiders warned of a cash shortfall). Lee also defined crypto assets as a “wartime store of value” in public remarks.

At this pace, BitMine is steadily working toward its stated goal—controlling 5% of the total ETH supply. BitMine’s stock trades on the New York Stock Exchange under the ticker BMNR.

The $73 million scale of the addition and the 4.8% circulating-supply share remain consistent across data from multiple independent market trackers, even though BitMine’s official post did not separately list this week’s purchase amount from the cumulative totals.