BitMine Adds 28,086 ETH, Pushing Holdings Near 6 Million Tokens

BitMine, the largest corporate holder of Ether, purchased an additional 28,086 ETH over the past week, bringing its total holdings to 5,929,198 tokens. That figure represents roughly 4.9% of Ethereum’s circulating supply, putting the company close to its stated goal of accumulating 5% of all ETH in existence. BitMine has bought Ether every week since launching its Ethereum treasury strategy last year.

Staking Generates Substantial Income

The company’s total crypto, cash and investment assets now stand at $15.7 billion, with its ETH holdings alone worth about $14.8 billion. Roughly 85% of its Ether, worth around $12.6 billion, is currently staked, generating an estimated $330 million in annual income at current yield rates.

Stock Performance Reflects Crypto Strength

Chairman Tom Lee noted that BitMine’s common stock has climbed 99% this quarter, ranking among the top performers in the Russell 1000 index. He pointed to Ethereum’s strong performance relative to Bitcoin and traditional markets, citing potential catalysts including regulatory developments and renewed institutional interest heading into year-end.