Bitmine Adds 76,881 ETH, Reaches 5.62M Token Treasury

Bitmine Immersion Technologies increased its ether treasury to 5.62 million ETH tokens on Monday, adding 76,881 ETH over the prior week and giving it control of 4.66% of the world's second-largest cryptocurrency. Chairman Tom Lee said the company is maintaining an elevated pace of buying, arguing the recent pullback in ETH prices does not reflect stronger fundamentals for the network and stating 'we believe we are in the early stages of crypto spring.' At $1,718 per ETH, the Ethereum treasury is worth roughly $9.66 billion, positioning Bitmine as the largest corporate ether holder globally, with the company 93% of the way toward its stated 'alchemy of 5%' target representing 5% of ether's 120.7 million-token supply.

Lee added that 'Bitmine is expected to reach the 'alchemy of 5%' sometime in 2026.' Ether traded at $1,765 on Monday, up 5.87% over the prior 24 hours. The asset trades 64.3% below its all-time high of $4,946.05, set in August 2025.

Bitmine Stakes 83% of ETH Holdings at 2.79% Yield

Bitmine said 4,718,677 ETH, or more than 83% of its total holdings, is currently staked. According to the company, staking operations are running at a 2.79% 7-day yield, with annualized staking revenue projected at about $219 million, rising to roughly $269 million at scale through its MAVAN validator infrastructure.

Bitmine Reports $502 Million Cash and Additional Crypto Assets

Beyond ether, Bitmine reported holdings of 204 bitcoin, a $180 million stake in Beast Industries, an $88 million stake in Eightco Holdings, and total cash and marketable securities of $502 million.

Bitmine Shares Close Friday at $16.11

Bitmine shares (BMNR) closed Friday's session at $16.11, down 2.48% on the day.

FAQ

What did Bitmine announce on Monday regarding its ETH holdings?
Bitmine Immersion Technologies announced on Monday that it increased its ether treasury to 5.62 million ETH tokens, adding 76,881 ETH over the prior week. This gives the company control of 4.66% of the world's second-largest cryptocurrency.

How much of Bitmine's ETH is staked and what is the yield?
Bitmine said 4,718,677 ETH, or more than 83% of its total holdings, is currently staked. Staking operations are running at a 2.79% 7-day yield, with annualized staking revenue projected at about $219 million.

What is Bitmine's 'alchemy of 5%' target?
Bitmine's 'alchemy of 5%' target represents 5% of ether's 120.7 million-token supply. The company is currently 93% of the way toward this goal and Chairman Tom Lee said Bitmine is expected to reach it sometime in 2026.