BitMine increased its holdings by 126,971 ETH last week, bringing the total holdings to 5.5438 million

2026-06-08 20:35:55

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According to PR Newswire, Bitmine's announcement shows that as of June 7, 2026, the company holds 5,543,872 ETH, accounting for approximately 4.59% of the total Ethereum supply of 120.7 million, having completed 92% of its "Alchemy of 5%" goal. In the past week, BitMine increased its holdings by 126,971 ETH, marking the company's largest single-week buying intensity recently.

BitMine Chairman Thomas Lee stated that the company's previous weekly average increase was about 26,000 ETH, and the significant increase this week is mainly due to their belief that the current ETH price correction does not reflect the ongoing improvement in Ethereum's fundamentals, as well as the long-term benefits brought by Wall Street's asset tokenization and the growing demand for open blockchain from AI agent systems.

Currently, the total value of the crypto assets, cash, and other investments held by BitMine is approximately $9.6 billion, including $247 million in cash, 204 BTC, $180 million in Beast Industries equity, and $88 million in Eightco Holdings Inc. investment.

Among them, 4,718,677 ETH have been staked, accounting for over 85% of the total holdings, with a current value of approximately $7.7 billion, and an expected annualized staking yield of about $230 million. BitMine stated that it has become the world's largest enterprise-level Ethereum reserve institution, second only to Strategy Inc.'s Bitcoin reserve scale, and expects to achieve its strategic goal of holding 5% of the total ETH supply by 2026.

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Bitmine ETH Staking

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