Bitmine Buys 42,197 ETH as Total Holdings Reach 5.74 Million ETH

• Bitmine acquired 42,197 ETH over the week, raising total ETH holdings to 5.74 million tokens.
• Total crypto, cash, marketable securities and strategic investments reached $11.1 billion.
• 4.88 million ETH are currently staked, with projected annualized staking revenue of approximately $235 million based on the company’s reported yield.
• Bitmine now owns approximately 4.8% of Ethereum’s circulating supply and remains on track to reach its long-term “Alchemy of 5%” target during 2026.

Bitmine Expands Ethereum Holdings With Another Weekly Purchase

According to Bitmine Immersion Technologies’ latest treasury update, the company acquired 42,197 ETH during the week, continuing its Ethereum accumulation strategy throughout 2026.

Following the latest purchases, Bitmine reported total holdings of 5,742,237 ETH. The company also disclosed that its combined crypto assets, cash, marketable securities and strategic investments reached $11.1 billion as of June 28, 2026.

The latest update marks another milestone in Bitmine’s ongoing Ethereum treasury expansion, increasing the company’s ownership to approximately 4.8% of Ethereum’s circulating supply of 120.7 million ETH.

Staked Ethereum Holdings Approach 4.9 Million ETH

As of July 5, 2026, Bitmine reported that 4,879,157 ETH had been staked through its MAVAN (Made in America Validator Network) platform and partner validators, representing approximately $8.8 billion based on an ETH reference price of $1,800.

According to the company, approximately 85% of its Ethereum treasury has now been deployed into staking operations. Based on its reported 2.68% seven-day BMNR yield, Bitmine projects annualized staking revenue of approximately $235 million.

The update highlights Bitmine’s continued strategy of generating staking income while expanding its long-term Ethereum treasury. The company has also indicated that MAVAN is expected to support institutional investors in addition to managing Bitmine’s own staking operations.

Latest Update Continues Bitmine’s 2026 Ethereum Accumulation Strategy

The latest announcement extends Bitmine’s Ethereum acquisition program, which has seen the company steadily add to its treasury throughout 2026. In addition to expanding its ETH reserves, Bitmine reported $527 million in cash and marketable securities while maintaining investments in Bitcoin and several strategic equity holdings. The company was also added to the Russell 1000 Large-Cap Index on June 26, expanding its visibility among institutional investors.

Chairman Tom Lee reiterated that Bitmine expects to reach its long-term objective of owning 5% of Ethereum’s circulating supply, a milestone the company refers to as the “Alchemy of 5%”, before the end of 2026.

Comparison With Last Week’s Ethereum Treasury Update

Bitmine’s latest purchase of 42,197 ETH was larger than the 27,084 ETH reported as of June 29, 2026, continuing the company’s weekly Ethereum accumulation strategy. The company’s total Ethereum holdings increased to 5.74 million ETH, while total crypto, cash, marketable securities and strategic investments rose to $11.1 billion. Staked Ethereum also increased to 4.88 million ETH, reflecting Bitmine’s continued expansion of its staking operations as it moves toward its goal of owning 5% of Ethereum’s circulating supply during 2026.

ETH Price Update

At the time of writing (12:33 UTC), Ethereum (ETH) was trading at $1,749.63, down 10.34% over the past seven days. The cryptocurrency had a market capitalization of $211.15 billion, while 24-hour trading volume reached $8.61 billion. Ethereum’s circulating and total supply both stood at 120.68 million ETH, with no maximum supply cap.

Despite the recent pullback, institutional interest in Ethereum remains active. Companies such as Bitmine continue expanding their ETH treasuries and staking operations, highlighting sustained long-term confidence in the network even as the broader cryptocurrency market experiences short-term selling pressure and heightened volatility. Meanwhile, Saylor’s Strategy Sells 3,588 BTC has also drawn attention, reflecting how major corporate treasury moves continue to shape sentiment across the digital asset market.