Bitmine Adds $68 Million in Ethereum as Holdings Near 6 Million ETH

In brief

• Bitmine bought 27,180 ETH last week, bringing its holdings to nearly 5.96 million tokens.
• Its crypto, cash, securities, and strategic investments total $15.8 billion, the company says.
• Approximately 85% of its Ethereum is staked, with projected annualized revenue of $334 million.

Bitmine Immersion Technologies bought another 27,180 Ethereum tokens last week, bringing its holdings to nearly 6 million ETH as it approaches its goal of owning 5% of the cryptocurrency’s supply.

In its Monday announcement, Bitmine said it held 5,956,378 ETH, worth approximately $14.89 billion, as of Sunday evening, representing roughly 4.9% of Ethereum’s supply.

The purchase was slightly smaller than the previous week’s addition of 28,086 ETH, which lifted its holdings to 5.93 million tokens.

Bitmine Chairman Tom Lee once again noted today that the company has bought Ethereum every week since starting its treasury strategy on June 30, 2025. (Disclosure: Lee is an investor in Dastan, Decrypt’s parent company.)

"As we enter the final month of calendar Q3 2026, ETH is the best-performing macro asset during the quarter, outperforming the S&P 500 by 5,866bp through last Friday. In fact, the top 3 performing assets since June 30th are ETH, SOL and BTC," Lee said in a statement. "We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in calendar Q3 so far."