BitMine adds 28,086 ETH, pushing treasury close to 5% of total supply
BitMine boosts Ethereum treasury
BitMine Immersion Technologies bought 28,086 ETH during the last week. The purchase raised its treasury to 5,929,198 ETH, which is about 4.9% of the estimated 122 million ETH circulating supply.
Key numbers
- 28,086 ETH added in the most recent week.
- Total treasury now 5,929,198 ETH.
- Market value of ETH holdings: $14.79 billion (using a Coinbase price of $2,495 per ETH on Sep 7).
- Overall crypto‑related assets valued at $15.7 billion, up from $15.6 billion a week earlier.
- 5,067,309 ETH (≈85% of holdings) are staked, generating an estimated $330 million annual revenue at a 2.61% yield.
SEC filing details
The figures come from a press release filed with the U.S. Securities and Exchange Commission. The filing gives the ETH price reference and the proportion of total supply owned, but it does not disclose the average price BitMine paid for its ETH.
Additional context
Earlier reports noted that BitMine bought 53,501 ETH in the week before this purchase, a larger amount than the four weeks prior. Chairman Tom Lee said the company has bought ETH every week since it started its treasury strategy on June 30 2025. In July, BitMine’s holdings were 5,742,237 ETH, roughly 4.8% of supply.
What is confirmed
- 28,086 ETH were added to the treasury in the latest week.
- The treasury now holds 5,929,198 ETH, valued at $14.79 billion using the disclosed price.
- Overall reported crypto assets total $15.7 billion.
- 85% of the ETH is staked, with projected annual staking revenue of $330 million.
Unclear details
The filing does not provide the average acquisition cost of the ETH, so the $14.79 billion market value cannot be directly compared to BitMine’s total cost basis.
Why it matters
Holding a large share of Ethereum gives BitMine significant exposure to the network’s price movements and staking rewards. The continued purchases show a strategic commitment to building a sizable ETH treasury.
Future expectations
BitMine has indicated it will keep buying ETH until it reaches its target of about 5% of the total supply, though the pace may slow as the goal is approached.
