Bitmine Adds 42,197 ETH, Lifting Ethereum Holdings to 5.74 Million

Bitmine Immersion Technologies said it bought 42,197 ether over the past week, taking its Ethereum treasury to 5,742,237 ETH as of July 5. The company said the position now equals roughly 4.8% of Ethereum's circulating supply. Bitmine reported total holdings of crypto, cash, securities, and other investments of $11.1 billion. Alongside its ether position, the company said it holds 206 bitcoin and $527 million in cash and marketable securities. It also disclosed a $180 million stake in Beast Industries and a $71 million investment in Eightco Holdings. The company said 4,879,157 ETH is currently staked, valued at about $8.8 billion based on an ether price of $1,800. That represents roughly 85% of its total ETH holdings. Bitmine said most staking is conducted through MAVAN, its institutional-grade staking platform launched earlier this year, and reported a 2.68% annualized seven-day staking yield. Chairman Thomas "Tom" Lee said Bitmine has maintained a steady pace of Ethereum purchases throughout 2026 and expects to reach what it calls the "alchemy of 5%" during the year. Lee also cited improving expectations for the CLARITY Act, noting prediction markets recently put the probability of passage at about 50%, the highest level in two weeks. Separately, Bitmine highlighted its inclusion in the Russell 1000 Index following the annual reconstitution on June 26. In June, the company completed a preferred stock offering, generating about $273.8 million in net proceeds to support broader operations.