BitMine Ethereum Acquisition Pushes Holdings to 4.8% of All ETH Supply

Bitmine Immersion Technologies is accumulating Ethereum at a pace few institutional players can match — and the numbers behind its latest move reveal just how serious that bet has become. The company’s most recent BitMine Ethereum acquisition of 9,946 ETH pushed its total holdings to 5,787,414 ETH as of July 26, 2026, cementing its position as the world’s largest Ethereum treasury by a wide margin.

Key takeaways

• Bitmine acquired 9,946 ETH last week, bringing total holdings to 5,787,414 ETH — approximately 4.8% of Ethereum’s entire circulating supply.
• The company has staked 4,917,189 ETH, about 85% of its holdings, generating projected annualized staking revenues of $254 million.
• Total crypto, cash, and marketable securities holdings are valued at $11.8 billion.
• Bitmine repurchased 6.1 million shares of common stock last week, up from 5.5 million the prior week, under a $4 billion buyback program.
• Chairman Tom Lee cited the ETH/BTC ratio hitting a three-month high of 0.3000 and ETH reaching a 10-week price high as signs of strengthening market momentum.

BitMine’s Recent Ethereum Acquisition and Holdings

The purchase of 9,946 ETH represents a continuation of a strategy Bitmine has never once broken since launching its Ethereum treasury on June 30, 2025. The company has bought ETH every single week since that date.

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