- Bitmine acquired 42,197 ETH, raising total holdings to 5.74 million ETH, about 4.8% of Ethereum’s circulating supply.
- Around 4.88 million ETH is staked through MAVAN, with Bitmine reporting a 2.68% annualized seven-day staking yield.
- Bitmine cited improving CLARITY Act odds and its Russell 1000 Index inclusion as key developments supporting growth.
Bitmine Immersion Technologies expanded its Ethereum treasury after acquiring 42,197 ETH during the past week, bringing total holdings to 5,742,237 ETH as of July 5. The company said the position now represents about 4.8% of Ethereum’s circulating supply, while its combined crypto, cash, securities, and other investments reached $11.1 billion.
Ethereum Treasury Continues To Grow
The latest purchase increased Bitmine’s Ethereum holdings from the previous week as the company continued its accumulation strategy. According to Bitmine, it also holds 206 Bitcoin, alongside $527 million in cash and marketable securities.
Additionally, the company reported a $180 million stake in Beast Industries and a $71 million investment in Eightco Holdings. Together, those assets contributed to the company’s $11.1 billion balance sheet.
Thomas “Tom” Lee, Bitmine’s chairman, said the company maintained a steady pace of Ethereum purchases throughout 2026. He also said Bitmine expects to reach what it describes as the “alchemy of 5%” during the year.
Staked Ethereum Nears 4.9 Million
Meanwhile, Bitmine said 4,879,157 ETH, valued at about $8.8 billion using a price of $1,800 per coin, is currently staked. That amount represents roughly 85% of the company’s total Ethereum holdings.
The company added that much of the staking activity runs through MAVAN, its institutional-grade staking platform launched earlier this year. Bitmine originally developed the platform for its own treasury before expanding it for institutional clients and ecosystem partners.
According to Lee, Bitmine’s staking operations generated a 2.68% annualized seven-day yield.
CLARITY Act And Index Inclusion Highlighted
Separately, Lee pointed to improving market expectations surrounding the CLARITY Act. He said prediction markets recently assigned about a 50% probability to the legislation’s passage, the highest level in two weeks.
Bitmine also noted its recent addition to the Russell 1000 Index following the annual reconstitution on June 26. Furthermore, the company completed a preferred stock offering in June, generating approximately $273.8 million in net proceeds to support its broader operations.
