Bitmine Immersion Technologies revealed that it increased its holdings by 53,501 ETH last week, which is approximately $131 million based on the reference prices mentioned in the text. This is the largest single-week purchase since the company launched its Ethereum treasury strategy in June 2025, indicating that it continues to expand its ETH reserves.
Holdings rise to over 5.9 million coins
The company stated that currently, the holding of ETH has increased to 5,901,112 coins. Calculated at $2,511 per coin, this is worth approximately $14.8 billion. The total supply of Ethereum is about 120.7 million coins, which means that Bitmine already holds about 4.9% of the circulating supply, just 2% short of their target of 5%.
Bitmine refers to this target as “Alchemy of 5%”. Since the treasury strategy was launched on June 30, 2025, the company has been purchasing ETH for 65 consecutive weeks without interruption. Although the pace of purchases slowed down in some previous weeks, the scale of purchases in the most recent week has significantly increased.
Total assets reached $15.6 billion.
The company disclosed that as of last Saturday, its total assets had reached $15.6 billion, which in addition to ETH, also included cash, other tokens, and some equity investments. The main assets that have been disclosed are:
- 211 Bitcoins
- $541 million in cash and tradable securities
- $180 million Beast Industries shareholding
In addition, there is a position holding approximately 81 million US dollars Eightco Holdings. According to the text, Bitmine is still currently the largest Ethereum treasury company in the world and is also the second-largest crypto treasury company after Strategy.
86% of ETH has been used for staking.
The company stated that currently, there are 5,067,309 ETH tokens participating in staking through the MAVAN platform, accounting for approximately 86% of the total holdings. According to the company's calculations, the expected annualized income from these staked assets is about 335 million US dollars.
The chairman, Tom Lee, also stated that since June 30, 2025, the three assets with the strongest performance have been Ethereum, Bitcoin, and Solana. Among them, Ethereum has outperformed the S&P 500 index by 5430 basis points so far this quarter. He believes that this performance may encourage more institutions to continue increasing their allocation of crypto assets.
The company mentioned a voting node in mid-September.
Tom Lee also mentioned that the U.S. Clarity Act is expected to face a vote in mid-September, which the company regards as one of the subsequent market catalysts for the year.
Additional information:It is also mentioned in the text that Strategy ended its buying pause of about two months this week and once again purchased approximately $370 million worth of Bitcoin; as of the time of reporting, the company holds about 840,447 BTC, with a market value of about $66 billion.
