BitMine Immersion Technologies has added another 7,430 ETH to its corporate treasury, taking its total Ethereum holdings to 5,777,468 tokens as the company moves closer to its target of owning 5% of the network’s supply.
- BitMine added 7,430 ETH, raising its total Ethereum treasury to nearly 5.78 million tokens overall.
- The company has staked 4.92 million ETH, representing about 85% of its total Ethereum holdings.
- BitMine also repurchased 5.5 million shares as weekly Ethereum purchases continued at a slower pace.
The company valued its ETH position using a price of $1,879 per token as of July 19. It said the holdings represent about 4.8% of Ethereum’s estimated 120.7 million token supply. BitMine also reported $385 million in cash and marketable securities, 207 Bitcoin and other investments, bringing its total crypto, cash and investment portfolio to $11.5 billion.
The latest purchase was much smaller than BitMine’s previous weekly acquisition. As crypto.news reported earlier, the company added 27,801 ETH in the previous week, taking its holdings to 5.77 million tokens. The latest 7,430 ETH purchase pushed that figure slightly higher.
BitMine Chairman Tom Lee linked the slower pace of Ethereum purchases to the company’s decision to allocate capital toward its own shares.
“Over the past week, we acquired 7,430 ETH,” Lee said. He added that the slower buying pace reflected the company’s stock repurchases. BitMine said it has continued buying Ethereum every week since launching its ETH treasury strategy on June 30, 2025.
During the past week, BitMine repurchased about 5.5 million common shares at an average price of $15.6156. The transactions were carried out under its previously authorized $4 billion share repurchase program. Lee said the company viewed the purchases as beneficial to shareholder value, although the future effect will depend on the company’s stock performance and capital allocation.
The decision marks a shift in weekly capital deployment rather than a pause in the company’s Ethereum strategy. BitMine remains focused on what it calls the “Alchemy of 5%,” its goal of controlling 5% of Ethereum’s supply. Based on the company’s own estimate, its current 4.8% holding places it about 96% of the way toward that target.
BitMine stakes 85% of its Ethereum treasury
BitMine has also placed most of its Ethereum holdings into staking. The company reported 4,917,189 ETH staked as of July 19, equal to about 85% of its 5.78 million ETH treasury. At the company’s stated ETH price, the staked assets were valued at roughly $9.2 billion.
The company said its current staking operations could generate about $247 million in annualized revenue based on recent returns. It also projected that annual rewards could reach about $290 million if its entire Ethereum position were eventually staked through its MAVAN platform and other partners. Those figures remain estimates and can change with Ethereum staking yields, validator performance and the amount of ETH deployed.
The latest figures follow a sharp rise in BitMine’s staking income. Crypto.news reported last week that Ethereum staking and validation generated $45.7 million during the three months ended May 31. That represented 98% of the company’s $46.5 million quarterly revenue.
BitMine started native Ethereum staking in November 2025 before launching its Made in America Validator Network, known as MAVAN, in March 2026. The company has positioned the platform to support its own holdings while also targeting institutional investors, custodians and other partners.
Ethereum treasury remains close to the 5% target
BitMine’s latest purchase extends a year of rapid Ethereum accumulation. Just one week earlier, its treasury stood at 5,770,038 ETH after it bought 27,801 tokens. The company has continued adding ETH even as Ethereum prices have traded well below levels seen during earlier stages of its accumulation strategy.
BitMine’s growing ETH treasury has also made staking a larger part of its operating business. Its latest quarterly filing showed that staking and validation had become its main revenue source, replacing much of the activity from its earlier Bitcoin mining and equipment operations.
The company also holds investments outside Ethereum. Its July 20 disclosure listed a $180 million stake in Beast Industries and a $58 million position in Eightco Holdings, alongside $385 million in cash and marketable securities. BitMine described the combined value of its crypto holdings, cash and other investments as $11.5 billion.
Meanwhile, BitMine has also expanded its presence in traditional equity markets. The company joined the Russell 1000 index on June 26 and said its shares recorded average daily dollar trading volume of $579 million over the five trading days ending July 17. These figures were based on company and Fundstrat data.
Weekly purchases continue despite slower accumulation
The latest 7,430 ETH purchase shows that BitMine has not stopped accumulating Ethereum, although its weekly buying rate has slowed as the company directs capital toward share repurchases.
The company remains the largest corporate Ethereum treasury holder based on its disclosed holdings. Its 5.78 million ETH position also puts it close to the stated 5% supply goal that has guided its treasury strategy since 2025.
At the same time, staking has become a growing source of operating revenue. With about 4.92 million ETH already deployed, changes in Ethereum staking yields now directly affect the income generated from a large part of BitMine’s treasury. As previously reported by crypto.news, the company has also identified validator performance, network changes and staking rates as factors that can affect future revenue.
