BitMine Purchases Additional $73 Million in ETH, Holdings Share of Circulating Supply Rises to 4.8%
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BitMine Purchases Additional $73 Million in ETH, Holdings Share of Circulating Supply Rises to 4.8%
BitMine increased its holdings by 42,197 ETH within a week, with total holdings approaching the target line of 5% of Ethereum's circulating supply.
Navigating Web3 tides with focused insightsAuthor: The Defiant Team
Compiled by: TechFlow
TechFlow Intro: BitMine Immersion Technologies (NYSE: BMNR) purchased 42,197 ETH in the past week, valued at approximately $73 million, bringing total holdings to 5,742,237 ETH, accounting for 4.8% of Ethereum's circulating supply. This Ethereum treasury company, chaired by Tom Lee of Fundstrat, is steadily advancing towards its claimed 5% holding target with a consistent weekly accumulation pace.
$73 Million ETH Added in One Week
BitMine Immersion Technologies (NYSE: BMNR), this Ethereum treasury company chaired by Fundstrat Chairman Tom Lee, purchased 42,197 ETH in the past week, valued at approximately $73 million. According to the holding update released by the company on Monday, this increase brings BitMine's total ETH holdings to 5,742,237 ETH, accounting for approximately 4.8% of Ethereum's circulating supply.
BitMine's official account disclosed that the company's total crypto assets and other holdings are valued at $11.1 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
Notably, BitMine's total staked ETH is 4,879,157 ETH, flat compared to the previous week—despite the growth in total holdings, the company did not increase its staked position.
This increase continues the consistent accumulation strategy, making BitMine the largest corporate-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), and Lee has also defined crypto assets as "wartime store of value" in public statements.
At this pace, BitMine is steadily advancing towards its claimed goal—controlling 5% of total ETH supply. BitMine stock trades on the New York Stock Exchange under the ticker BMNR.
The $73 million increase scale and 4.8% circulating share are consistent with data from multiple independent market trackers, although BitMine's official post did not list this week's purchase amount separately from the cumulative total.
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