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BitMine added over 24,000 ETH in one week
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Total holdings now equal about 3.45% of all ETH
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Staked ETH nearly doubled in the past week
BitMine Immersion continues to aggressively accumulate Ethereum, pushing its total holdings close to 4.2 million ETH, worth around $13 billion at current prices.
The company added 24,266 ETH in its latest weekly purchase, bringing total crypto and cash holdings to roughly $14 billion. BitMine did not disclose its average purchase price, but the new acquisition alone is worth more than $75 million.
BitMine now controls about 3.45% of Ethereum’s circulating supply, making it by far the largest Ethereum-focused treasury company. Its closest rivals hold less than one-fifth of that amount.
Staking has also ramped up quickly. BitMine’s staked ETH jumped to 1.26 million ETH, nearly doubling in just one week. The company says it now stakes more ETH than any other entity, contributing to longer validator queues on the network.
The firm ultimately aims to own 5% of all ETH in circulation, a target that would put it at more than 6 million ETH.
Chairman Tom Lee said Ethereum stands to benefit the most from growing stablecoin usage and tokenization, calling blockchain the future settlement layer of Wall Street and positioning 2026 as a recovery year for crypto.
