#BitMine连增66周ETH持仓592万枚 【Whale Activity | Bitmine Has Increased Its ETH Holdings for 66 Consecutive Weeks】

The Wall Street corporate crypto-hoarding saga continues, with Bitmine never breaking its discipline of adding a fixed amount of Ethereum every week.
The latest data shows that the company invested approximately $70 million last week to purchase 28,086 ETH.
Its total holdings have now reached 5.93 million ETH, accounting for 4.9% of Ethereum's circulating supply and coming within one step of the 5% dominance threshold closely watched by the market.

The reference price for this purchase was $2,495 per ETH, while the actual execution cost was not disclosed. Compared with the large-scale purchase of 53,501 ETH the previous week, the pace of accumulation was clearly cut in half last week. However, since launching its ETH treasury strategy on 2025‑06‑30, Bitmine has purchased ETH continuously for 66 consecutive weeks. Chairman Tom Lee said that this fixed weekly purchase model is extremely rare among publicly traded corporate participants.

Bitmine spent $70 million last week to purchase 28,086 ETH, bringing its total holdings to 5.93 million ETH, or 4.9% of the circulating supply, nearing the 5% dominance threshold.
✅It has made uninterrupted dollar-cost-averaging purchases for 66 consecutive weeks, with 85% of its holdings staked and approximately $330 million in annual passive staking income.
📊Combined total assets stand at $15.7 billion, while the company has $5.2 billion in unrealized losses on its books and its stock has suffered a sharp year-to-date decline.

⚠️It has not yet announced its plans for handling its holdings after reaching 5%, while corporate treasury strategies among peers have diverged significantly.

Bitmine's own situation is far from easy: it has approximately $5.2 billion in unrealized losses on its books, and its share price has fallen by double digits year to date.
Despite enormous performance pressure, it continues to make large-scale purchases. Is this a firm long-term bullish view on Ethereum, or a passive move made because it has no way out?
As its holding ratio approaches the 5% threshold, its moves over the coming weeks will become a key signal for the market to watch.