WuBlockchain
BitMine acquired 9,587 ETH over the past week, raising its holdings to 6,070,092 ETH, or roughly 4.97% of Ethereum’s supply. The purchase further concentrates one of crypto’s largest corporate ETH positions.
Why it matters
The position makes BitMine a material holder in Ethereum’s treasury market, with 5,227,037 ETH already staked. BitMine also reported about $14.3 billion in total crypto, cash, marketable securities and other investments, placing the ETH allocation within a broader corporate treasury strategy.
Market impact
BitMine says fully staking its ETH holdings could generate about $359 million in annualized rewards at a trailing seven-day staking yield of 2.65%. The next checkpoints are the pace of further accumulation and how much of the projected staking reward is realized as staking conditions change.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.07 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.3 Billion](https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-07-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-14-3-billion-302932985.html)
Frequently asked questions
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How much ETH does BitMine hold?
BitMine holds 6,070,092 ETH, equal to about 4.97% of Ethereum’s total supply.
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How much ETH did BitMine acquire over the past week?
The company acquired 9,587 ETH during the week, increasing its treasury position.
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How much of BitMine’s ETH is staked?
BitMine has 5,227,037 ETH staked as part of its 6,070,092 ETH holdings.
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What staking yield does BitMine report?
The company cites a trailing seven-day staking yield of 2.65%, with fully staked holdings potentially generating about $359 million in annualized rewards.
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What is the scale of BitMine’s broader treasury?
BitMine reports about $14.3 billion in total crypto, cash, marketable securities and other investments.
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