WuBlockchain
BitMine Immersion Technologies said it acquired 27,801 ETH over the past week, lifting total holdings to 5,770,038 ETH, or roughly 4.8% of Ethereum's total supply. The company also reported 4,917,189 ETH staked and $482 million in cash and marketable securities as of July 12, putting the combined value of its crypto, cash and other investments at $11.3 billion.
Why it matters
BitMine's staking ratio is the headline. Of the 5.77M ETH on the balance sheet, 4.92M is actively staked, locking roughly 85% of the treasury into validator queues. That cuts effective circulating supply on a major corporate holder while earning native yield on the position. BitMine says it is 96% of the way to its stated '5% Alchemy' target inside 12 months, a pace that has no real precedent among public-company ETH accumulators.
Market impact
At roughly 4.8% of supply, BitMine now sits as the single largest disclosed corporate ETH treasury by a wide margin. The combined $11.3B in crypto, cash and investments reframes the stock as a quasi-Ether fund rather than a pure crypto miner. Watch the staking share on the next update: every additional ETH moved from treasury to validator tightens the float that derivatives books can borrow against.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.77 Million Tokens, and Total Crypto and Total Cash Holdings of $11.3 Billion — Cision PR Newswire](https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-77-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-3-billion-302823523.html)
Frequently asked questions
-
How much ETH does BitMine now hold?
BitMine reported total holdings of 5,770,038 ETH, or roughly 4.8% of Ethereum's total supply, after buying 27,801 ETH over the past week.
-
How much of BitMine's ETH is staked?
The company said 4,917,189 ETH is staked, roughly 85% of its total ETH position, locking that share into validator queues.
-
What is BitMine's '5% Alchemy' target?
BitMine has framed '5% Alchemy' as a goal to accumulate 5% of all ETH. The company says it is now 96% of the way to that target inside 12 months.
-
What is the total value of BitMine's crypto and cash holdings?
As of July 12, BitMine reported $482M in cash and marketable securities, with crypto, cash and other investments combined valued at $11.3 billion.
-
Why does BitMine's staking ratio matter for the market?
Staking removes ETH from liquid circulation. With 85% of a 5.77M ETH treasury already in validators, BitMine is shrinking the borrowable float on the largest disclosed corporate ETH position, which can tighten conditions for derivatives desks.
Lookonchain
CoinDesk
WatcherGuru
TheBlock