bitmine

According to monitoring by Lookonchain, Bitmine, owned by Tom Lee, purchased 6,000 ETH (11.18 million USD) from FalconX again 7 hours ago.

Tom Lee, Chairman of Bitmine, posted on the X platform stating that ETH has become the best-performing macro asset, which also strengthens the argument that ETH is an on-chain currency.

The Ethereum institutional privacy technology company EthSystems has officially launched and received strategic funding support from ecosystem backers such as Bitmine, Sharplink Gaming, Joe Lubin, and SNZ Holding.EthSystems focuses on developing privacy technologies for banks, asset management companies, and other regulated entities, enabling institutions to execute financial transactions on the Ethereum network at scale while protecting sensitive information such as transaction details and client identities.The company was founded by the core team of the Institutional Privacy Task Force (IPTF) of the Ethereum Foundation. The team has previously conducted a year-long open-source research and development publicly on the EthSystems website and has established partnerships with several central banks, regulatory agencies, large banks, and asset management institutions. EthSystems stated that while institutions have begun exploring stablecoins, tokenized assets, and Ethereum-based settlement solutions, large-scale adoption still faces privacy and compliance challenges.Financial institutions need more than just access to blockchain networks; they require a complete infrastructure that meets business confidentiality protection, regulatory requirements, and compatibility with existing financial systems. The goal is to create a "selective disclosure" privacy architecture that allows transaction participants to view only the information they are authorized to access, while retaining the core advantages of Ethereum's decentralization, security, and openness, and complementing two other organizations: Ethlabs, which focuses on the research and development of Ethereum's core protocol and infrastructure; Ethereum Institutional, responsible for institutional collaboration, education, market research, and ecosystem coordination; and EthSystems, which focuses on application layer technology, transforming institutional needs into practical privacy protocols and financial systems.

According to PR Newswire, Bitmine announced that it has purchased an additional 27,801 ETH in the past week and stated that it will continue to maintain the steady accumulation pace established since 2026. The company expects to achieve its so-called "Alchemy of 5%" target within the year.As of July 12, Bitmine holds a total of 5.77 million ETH, of which 4.917 million ETH (approximately 85% of the holdings) have been staked. Based on an ETH price of $1,820, the total value is approximately $9 billion. The company expects an annualized staking income of about $242 million based on a 2.70% annualized staking yield, and if all ETH is staked, the annualized staking rewards could reach $284 million.In addition, Bitmine stated that it has launched an institutional-grade Ethereum staking platform, MAVAN (Made in American Validator Network), this year, which will be opened to institutional investors, custodians, and ecological partners in the future.Bitmine claims that it has become the largest ETH reserve institution in the world, and ranks second globally in terms of cryptocurrency asset reserves, only behind Strategy, which holds 843,775 BTC. The company also stated that the GENIUS Act and the U.S. SEC's Project Crypto will drive the transformation of digital asset financial infrastructure, with significance comparable to the impact of the end of the Bretton Woods system in 1971 on the modernization of Wall Street.

Bitmine Chairman Tom Lee posted on the X platform that traditional finance (TradFi) and the cryptocurrency market "will eventually become one market."This statement stems from his interaction with Carrie Presley, the head of distribution at Fundstrat Capital—who recalled expressing strong optimism about ETH and blockchain to Tom Lee during an interview about six years ago, to which Tom Lee acknowledged and reaffirmed his long-term bullish stance.

According to monitoring by Lookonchain, it is suspected that Bitmine (0x2B7...d7dC) under Tom Lee bought 20,500 ETH from Galaxy Digital again 6 hours ago, worth 35.92 million USD.

According to Onchain Lens monitoring, two newly created wallets suspected to belong to Bitmine (0x9F9...b15, 0x17A...B5B) received 40,000 ETH from Kraken and FalconX, worth 71.62 million USD.

According to on-chain analyst Yu Jin's monitoring, Bitcoin treasury company Strategy (MSTR) sold 3,588 BTC (worth $216 million) last week at a price of $60,197. They currently hold 843,775 BTC (worth $5.2343 billion), with an average cost of $75,476, resulting in an unrealized loss of $11.341 billion (-17.8%).Ethereum treasury company Bitmine (BMNR) purchased 42,197 ETH (worth $6.903 million) last week at an approximate price of $1,636. They now hold a total of 5,742,237 ETH (worth $10.037 billion), with an average cost of $3,386, resulting in an unrealized loss of $9.406 billion (-48.4%).

According to PR Newswire, Bitcoin treasury company Bitmine disclosed that it increased its holdings by 42,197 Ethereum last week. As of June 28, 2026, its total Ethereum holdings reached 5,742,237 coins, accounting for approximately 4.8% of the total Ethereum supply.Currently, the total value of the cryptocurrencies, cash, and other investment assets held by Bitmine is approximately $11.1 billion, which includes $527 million in cash and securities, 206 Bitcoins, $180 million in equity assets from Beast Industries, and a $71 million investment in Eightco Holdings (ORBS).As of July 5, the number of Ethereum it has staked is 4,879,157 coins (85% of total holdings), valued at approximately $8.8 billion, with a current annualized staking yield of about $235 million.

According to BBX data, the two largest publicly listed reserve companies for Ethereum issued a counter-cyclical buy signal yesterday, with the core dynamics as follows:SharpLink, Inc. (NASDAQ: $SBET) (one of the largest publicly listed reserve companies for Ethereum, founded by CEO Joe Lubin, formerly known as SharpLink Gaming, transitioning to Ethereum Treasury in May 2025) released an official press release on June 30: the company purchased an additional 10,000 ETH at an average price of $1,611 per coin, raising its total holdings to 886,725 ETH; during the same period, it repurchased 2,132,773 shares of common stock (average price $4.69), bringing the total repurchased since the buyback program started in August 2025 to 4,071,223 shares. This ETH purchase was funded by the company's previously completed $75 million targeted issuance (registered direct offering). CEO Joseph Chalom stated that this fundraising "provides capital support for proactive ETH treasury management strategies." The company's average purchase cost for 886,725 ETH is approximately $3,609 per coin, and with the current price around $1,611, the paper loss is about $1.77 billion; however, the company earned approximately 18,800 ETH in staking rewards in Q1 (equivalent to about $30 million per quarter at current prices), with revenue of $12.1 million during the same period (a 16-fold increase compared to $742,000 in the same period last year). The company has officially been included in the Russell 2000 and Russell 3000 indices, which will trigger passive buying from active and passive funds tracking these two indices, potentially broadening the institutional shareholder base and increasing access to capital markets.Bitmine Immersion Technologies, Inc. (NYSE: $BMNR), as of June 26, according to the latest data cited by CoinDesk, the company's ETH holdings have risen to approximately 5.67 million coins (an increase of about 280,000 coins compared to the 5.39 million disclosed in the SEC 8-K on May 26), with a net increase of about 52,203 coins in the previous week (equivalent to about $82 million); the company's chairman Tom Lee stated on June 26: "We are maintaining a steady accumulation pace throughout 2026, and we believe we are in the early stages of a Crypto Spring." At the current price of about $1,610, the market value of 5.67 million ETH is approximately $9.13 billion; during the same period, Bitmine jointly funded the Ethlabs nonprofit research organization with SharpLink and Ethereum co-founder Joe Lubin (founded by former Ethereum Foundation researchers, focusing on Ethereum infrastructure and institutional research), further strengthening the institutional narrative support for the ETH ecosystem through the endorsement of the three organizations.

Regarding the digital credit capital framework announced by Strategy, the Ethereum treasury company BitMine (NYSE: BMNR) commented that this framework consolidates the structural relationship between capital markets and Bitcoin, which should enhance investor confidence in the Strategy approach.BitMine believes that investor concerns typically only arise during Bitcoin downturns; if the Bitcoin price were at $100,000, few would question the strategy. Therefore, Strategy needs to prove that it has enough capital to withstand downturn cycles; raising the capital buffer to over 26 months is a wise move. According to its calculations, since 2009, with a rolling period of 36 months, the probability of negative returns for Bitcoin is less than 0.8%, and a reserve size of 26 months is sufficient for Strategy to safely navigate such fluctuations.

According to PR Newswire, BitMine increased its holdings by 27,084 Ethereum last week. As of June 28, 2026, its total Ethereum holdings reached 5,700,040, accounting for approximately 4.7% of the total Ethereum supply.Currently, the total value of cryptocurrencies, cash, and other investment assets held by BitMine is approximately $9.8 billion, which includes $555 million in cash and securities, 206 Bitcoin, $180 million in equity assets from Beast Industries, and a $74 million investment in Eightco Holdings. In addition, the amount of Ethereum it has staked has increased to 4,879,157 (over 85% of total holdings), valued at approximately $7.7 billion, with a current annualized staking yield of about $211 million.Tom Lee stated that BitMine was included in the Russell 1000 large-cap index during the Russell index annual reconstitution on June 26, 2026. This inclusion is expected to bring hundreds or even thousands of new institutional investors, as passive funds and ETFs typically hold 18% to 20% of the outstanding shares of publicly listed companies.However, this week has been challenging for crypto investors, with ETH down 8%, despite positive developments in the Ethereum ecosystem such as the establishment of Ethlabs, and a softening stance from the Bank of England on stablecoins. He believes that the "earnings manipulation" effect that appears near the end of the quarter has led investors to reduce holdings in assets that have underperformed over the past three months, but the long-term development path of the crypto industry remains positive, with the dual driving forces of Wall Street infrastructure moving on-chain and proxy AI payment systems still in place.

According to Onchain Lens monitoring, two newly created wallets withdrew 35,138 ETH ($58.39 million) from BitGo and Kraken, which may belong to Bitmine.

According to GlobeNewswire, former Ethereum Foundation researchers have established an independent nonprofit organization called Ethlabs, supported by Bitmine, SharpLink, Ethereum co-founder Joe Lubin, and ecosystem participants such as Anchorage, Octant, and SNZ, aiming to prepare for the next phase of institutional adoption of Ethereum. The five co-founders include Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf, and Julian Ma, who have led significant upgrades to the network over the past decade. Ethlabs' early work will focus on the demand for large-scale institutional on-chain solutions: faster settlement speeds, native issuance, cross-chain transactions based on robust infrastructure, mainnet capacity, and research laying the foundation for ETH's monetary properties.

According to on-chain analyst Yu Jin's monitoring, Strategy (MSTR) holds a total of 847,363 BTC, with an average cost of $75,651, resulting in an unrealized loss of approximately $9.093 billion (-14.2%); BitMine (BMNR) holds a total of 5,672,956 ETH, with an average cost of $3,407, resulting in an unrealized loss of approximately $9.32 billion (-48.2%).

According to PR Newswire, Bitmine Immersion Technologies (NYSE: BMNR) announced its latest asset situation. As of June 21, the company holds 5,672,956 ETH, 205 BTC, and approximately $601 million in cash and securities, with total assets amounting to about $10.7 billion.The company's chairman, Tom Lee, stated that Bitmine increased its holdings by 52,203 ETH in the past week and will continue to maintain a steady accumulation pace through 2026. Currently, the ETH held by Bitmine accounts for about 4.7% of the total supply of Ethereum, firmly establishing it as the largest Ethereum reserve institution in the world. Additionally, Bitmine has staked 4.719 million ETH, which is over 83% of its ETH holdings, and based on the current yield, the expected annual staking income is approximately $223 million.Tom Lee mentioned that the company believes the crypto market is still in the early stages of a "crypto spring," and the development of tokenization and artificial intelligence will drive continued growth in blockchain demand.

Bitcoin mining company Bitmine Immersion Technologies (NYSE: BMNR) announced that its board has approved a cash dividend of $0.1056 per share for its 9.50% Class A perpetual preferred stock (NYSE: BMNP). The dividend will be officially paid on July 10, 2026, to Class A preferred shareholders registered as of the close of business on June 30, 2026.It is reported that Bitmine is a Bitcoin mining company operating in the United States, currently focused on utilizing excess capital for an Ethereum reserve strategy, and is launching a staking infrastructure network called MAVAN dedicated to its assets in 2026.

In response to Ethereum core developer Trent Van Epps' lengthy article pointing out that Ethereum is entering a critical institutional turning point, including legitimacy distribution, governance structure evolution, and potential protocol funding crises, Tom Lee, chairman of the Ethereum treasury company Bitmine, responded by stating that the possibility of such a crisis occurring in Ethereum is zero, and wrote "Funding secured."Data shows that Bitmine has been increasing its holdings in Ethereum weekly, with the total holdings now exceeding 5.62 million coins.