Bitmine Raises Ethereum Holdings to 5.85 Million as Treasury Value Hits $14.9B

Bitmine Immersion Technologies has expanded its Ethereum treasury to 5.85 million ETH, worth about $14.3 billion. The company now controls roughly 4.8% of Ethereum’s circulating supply. Additionally, Bitmine added 32,447 ETH during the past week, extending its weekly buying streak.

The company’s broader holdings reached $14.9 billion, including Bitcoin, cash, marketable securities, and strategic investments. Consequently, Bitmine continues to strengthen its position as the world’s largest corporate Ethereum treasury.

ETH has also gained nearly 30% over seven days, reaching about $2,472. The sharp rally has increased the value of Bitmine’s holdings significantly. Moreover, Bitmine expects improving financial conditions to support further cryptocurrency demand.

Staking Adds Another Growth Engine

Bitmine has staked 5.07 million ETH, representing about 87% of its…

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