BitMine scoops another 50,928 ether at $1,976 apiece, pushing treasury to 4.47 million ETH and $9.9 billion in total assets

BitMine Immersion Technologies has disclosed a new purchase of 50,928 ETH at an average price of $1,976 per ETH, adding roughly $100 million worth of ether to its balance sheet and lifting its Ethereum treasury to about 4.47 million ETH. According to the company’s latest holdings update, that stash now represents roughly 3.71% of Ethereum’s circulating supply (about 120.7 million ETH), and contributes to a total mix of crypto, cash and equity stakes valued at approximately $9.9 billion. The move is part of BitMine’s stated strategy to become a leading Ethereum treasury vehicle and to pursue what it calls the “alchemy of 5%” — a goal of accumulating 5% of the total ETH supply. Alongside its ETH position, BitMine reports 3,040,483 ETH staked (about $6 billion at the reference price), making it one of the largest known single staking entities and generating an estimated $172 million in annualized staking revenue at current yields. The firm also holds 195 BTC, about $868 million in cash, and equity positions including a $200 million stake in Beast Industries and a smaller stake in Eightco Holdings, which together push its total crypto and cash holdings toward the reported $9.9 billion figure. Chairman Tom Lee has framed the latest purchase as opportunistic buying into ETH price weakness, arguing that Ethereum’s current market price does not reflect what he views as its growing role as a financial infrastructure layer.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• BitMine Buys Over 50,000 ETH As BMNR Breaks Out 9% - Finviz (finviz.com)
• Ethereum Treasury BitMine Adds 50,928 ETH Despite Price Slide (coinmarketcap.com)
• Bitmine Immersion Technologies (BMNR) Announces ETH Holdings ... (prnewswire.com)
• BitMine Amasses 3.7% of Ethereum Supply - ForkLog (forklog.com)
• @BitMNR acquires additional 50,928 $ETH #BitMine announces ... (x.com)

Explore the topic

• Staking
• BitMine
• Treasury
• ETH