BitMine just acquired an additional 27,562 Ether for nearly $75.2 million, bringing its treasury to approximately 6 million ETH. Thus, the company is getting closer to its goal of owning 5% of the overall supply of Ethereum, the world’s second largest crypto.
In brief
- BitMine buys an additional 27,562 ETH for approximately $75.2 million.
- Its treasury reaches 5.98 million ETH, or almost 4.9% of the circulating supply.
- The company is getting closer to its goal of 5% of Ethereum’s total supply.
- Nearly 5 million ETH are staked, with $357 million in estimated annual revenue.
- Tom Lee anticipates a return of institutional investors to cryptos by the end of 2026.
BitMine increases its treasury to 5.98 million ETH
BitMine Immersion Technologies continued its purchases over the past week. In fact, the company added 27,562 ETH to its treasury. This acquisition was worth nearly $75.2 million when Ether was rising around $2,727.
The company currently holds 5,983,940 ETH according to its press release. This portfolio constitutes nearly 4.9% of the 122.1 million Ethers in circulation. Thus, BitMine remains the first listed company among those which have chosen ETH as their main reserve asset.
The statistics make it possible to assess its proximity to the announced objective:
- 27562 ETH were purchased in one week;
- Transaction reaches approximately $75.2 million;
- The total treasury stands at 5983940 ETH;
- These assets are worth nearly $16.3 billion at the current price;
- About 121,060 ETH are missing from reaching 5% of the current supply.
Every week since June 2025, BitMine Acquires Ethers, the date of its transition to a crypto treasury strategy. The company had already invested nearly $68 million in the asset during the previous week.
It would close the remaining gap in four to five weeks, if it could exactly maintain its last purchasing pace. The number of ETH in circulation, the price of the asset and the company’s financing capabilities can still increase.
Staking could generate $357 million
BitMine does not keep all of its Ether inactive. The company has staked nearly 5 million ETH in order to participate in securing Ethereum and collect the rewards distributed to validators.
This amount equates to approximately 83.6% of its cash flow, slightly less than the rounded 85% announced in the company’s communication. At a price of 2,727 dollars, the staked Ethers constitute a value close to 13.6 billion dollars.
BitMine believes this activity would earn it nearly $357 million per year at current yields. This forecast equates to a gross yield close to 2.6% on the value of the ETH concerned.
However, real income will not be fixed. It will depend on the price of Ether, the total number of validators, the rewards paid by the protocol and the operational performance of BitMine. Infrastructure costs, possible service provider fees and the risk of penalties can also reduce the bottom line.
However, this policy distinguishes ETH from bitcoin in a treasury strategy. Unlike BTC held without active yield, Ether produces rewards when placed in the network validation mechanism.
Tom Lee anticipates a return of institutional investors
Tom Lee, the president of BitMine, believes that institutional investors remain underexposed to cryptos. According to the latter, fund managers favored stocks relating to artificial intelligence during the first half of this year.
The recent performance of Ether would modify this allocation. Since the end of June, ETH has increased by 76%, compared to nearly 2% for the S&P 500. This gap would push some investors to reassess their low exposure to the crypto market before the end of the year.
Tom Lee therefore noted :
We expect institutions to sharply increase their exposure in the last three months of 2026.
The manager also considers the tokenization of assets and the growing use of blockchains in the field of artificial intelligence as long-term catalysts. However, such an analysis must be placed in context. Tom Lee runs a company whose valuation immediately depends on investor interest in Ether.
BitMine stock benefits from Ethereum rebound
After an 8% increase last Friday, BitMine shares gained 5.8% before the opening of Wall Street. Such a movement accompanied the rise of Ether towards its best level since the end of January.
The concentration of around 5% of the supply in the hands of a listed company nevertheless creates significant exposure to the crypto price. A decrease in the asset price would reduce the value of cash, while frequent recourse to share issues would dilute shareholders.
Future communications will specify the financing of purchases, the evolution of the number of ETH staked and the income actually generated. In addition, exceeding the 5% threshold could mark a symbolic step, however the profitability of the strategy will depend above all on the cost of capital and the trajectory of Ethereum.
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