BitMine ETH now totals 5.78M following another Ethereum purchase

BitMine Immersion Technologies, which owns a total of 5,777,468 Ethereum tokens, has now added an additional 7,430 ETH. This brings the amount of Ethereum held by the company to 5,777.468. As a result, the firm is getting closer to achieving its goal to hold 5% of network supply.

According to the 19th of July price per token, $1879 was used by the company in valuing its ETH positions. According to the company, its holdings are equivalent to 4.8% of Ethereum’s estimated token supply. BitMine has also reported The company has $385 in cash, marketable securities and 207 Bitcoins, which brings its crypto portfolio, as well as cash, to an impressive $11.5 billion.

This latest acquisition was significantly smaller than BitMine’s previous weekly purchase. Crypto.news previously reported that the company added 27,801 ETH In the last week, it has added 5.77 millions tokens. Its holdings increased slightly after the purchase of 7430 ETH.

BitMine CEO Tom Lee attributes the lower pace of Ethereum purchasing to BitMine allocating its capital towards the company’s own shares.

“Over the past week, we acquired 7,430 ETH,” Lee added. Lee said that the slowdown in buying was due the repurchase of company stock. BitMine stated that since launching their ETH treasury policy on June 30, 2020, it has purchased Ethereum weekly.

BitMine purchased approximately 5.5million common shares in the past seven days at an average cost of $15.6156. Transactions were conducted under BitMine’s previously authorized share repurchase plan of $4 billion. Lee stated that the company considered the purchase to be beneficial for shareholder value. However, the effect on future stock performance will depend upon the capital allocation and company’s share price.

It is more of a change to the weekly capital investment than it is a break in Ethereum’s strategy. BitMine is still focused on the “ethereum strategy”. “Alchemy of 5%,” The company’s aim is to have a 5% share of the Ethereum supply. According to its estimate, the current holding of 4.8% puts it 96% toward the target.

BitMine holds 85% stake in its Ethereum Treasury

BitMine is also staking the bulk of its Ethereum. As of the 19th of July, BitMine reported that 4,917.189 ETH were staked. This is about 85% its 5.78 Million ETH treasury. The staked assets are valued at approximately $9.2 billion.

According to recent results, the company’s current stake operations are expected to generate an annualized revenue of about $247,000,000. The company also predicted that the annual reward could be as high as $290 million, if all of its Ethereum positions were staked using its MAVAN Platform and other partners. These figures are estimates that can vary depending on Ethereum staking returns, the performance of validators and how much ETH is deployed.

BitMine has seen its staking revenue increase dramatically in recent months. Crypto.news reported last week Ethereum Staking and Validation generated $45.7 millions in the three-month period ending May 31, 2018. The company generated $46.5 millions in revenue during the three months ending May 31.

BitMine began native Ethereum stake in November 2025, before launching the Made in America Validator Network (MAVAN) in March 2026. The platform has been designed by the company to be used for its own holdings as well as targeting other institutional investors, such custodians or partners.

Ethereum Treasury remains near the target of 5%

BitMine’s recent purchase continues a rapid year-long accumulation of Ethereum. A week ago, the company’s treasury had reached 5,770.038 ETH, after purchasing 27,801 tokens. Even though Ethereum has traded at levels well below those seen in earlier phases of the company’s accumulation strategy, it continues to add ETH.

BitMine’s growing ETH treasury also has made staking a more important part of their operating business. In its latest quarterly report, BitMine revealed that its primary revenue stream was staking. This had replaced much of its previous Bitcoin mining operations and equipment business.

It also has other investments. In its July 20 filing, the company listed an $180 million investment in Beast Industries as well as a $58million position in Eightco Holdings. It also disclosed $385million in cash and marketable assets. BitMine reported that its combined crypto holdings were worth $11.5 billion. This includes cash, other investments and BitMine’s position in Eightco Holdings.

BitMine also has expanded its participation in the traditional equity markets. On June 26, the company became a member of the Russell 1000 index. Its shares have recorded an average daily dollar trade volume between $579 and $600 million in the last five days. These numbers were calculated using data provided by the company as well as Fundstrat.

Weekly purchases continue despite slower accumulation

BitMine’s latest purchase of 7,430 Ethereum shows it hasn’t stopped buying Ethereum. However, its rate per week has decreased as capital is directed to share repurchases.

Based on the disclosed holdings of the company, it remains as one of largest Ethereum corporate treasuries. With 5.78 millions ETH, the company is close to the 5% stated supply goal which has been guiding its treasury policy since 2025.

Staking is also a source of increasing revenue for BitMine. Changes in Ethereum staking returns now directly impact the income generated by a significant part of BitMine’s treasury. As previously reported Crypto.news has identified that validator performance and network changes, as well as staking rate, can also affect revenue in the future.