Bitmine Immersion Technologies announced that it has increased its Ethereum treasury to 5.67 million ETH tokens. This figure corresponds to 4.7% of the total circulating supply of ETH, the world’s second-largest cryptocurrency.
With purchases made over the past week, the company’s total Ethereum holdings increased by 52,203 tokens. Based on a price of $1,733 per token, the treasury is currently worth approximately $9.8 billion. This makes Bitmine the world’s largest corporate holder of Ethereum. In terms of total crypto treasury size, the company ranks second behind Strategy Inc., which holds a $54 billion Bitcoin position. Although the gap between the two companies remains wide, Bitmine’s recent accumulation pace suggests that it could gradually narrow the distance.
Including Bitmine’s strategic investments, which it refers to as “moonshots,” including its partnership with Beast Industries, the company’s total crypto assets, cash and securities reached $10.7 billion as of June 21.
With this figure, Bitmine has reached 94% of its self-defined “alchemy of 5” target. This goal involves holding 5% of Ethereum’s total supply of 120.7 million tokens. The fact that the company is now so close to this target shows that it has continued its accumulation strategy regardless of price fluctuations.
“We are at the beginning of crypto spring”
Bitmine Chairman Tom Lee said the company maintained a steady accumulation pace throughout 2026 and added that he believes “we are still at the beginning of crypto spring.”
Lee said the best period for crypto markets is still ahead and added that rapid advances in tokenization and artificial intelligence are likely to exponentially increase demand for blockchain and decentralized crypto systems.
ETH traded at $1,763 on Monday, rising 2.26% over the past 24 hours. This level is still about 64% below its all-time high of $4,946.05, recorded in August 2025. The fact that the price remains so far from its peak shows that Bitmine’s accumulation strategy is based on long-term supply targets rather than short-term price movements.
Staking income exceeds $200 million
Bitmine said it has currently staked 4,718,677 tokens, or more than 83% of its total Ethereum holdings. According to the company, the staking operations are generating a weekly yield of 2.73%, while annualized staking income currently stands at around $223 million. Once the MAVAN validator infrastructure reaches full capacity, this figure is expected to rise to $268 million.
The company’s transparent disclosure of staking income shows that its Ethereum treasury is not only based on price appreciation, but is also turning into a yield-generating revenue model.
Beyond Ethereum, Bitmine’s portfolio includes 205 Bitcoin, a $180 million stake in Beast Industries, a $104 million stake in Eightco Holdings, and a total of $601 million in cash and securities.
Bitmine shares closed Friday’s session up 2.8% at $16.14.
