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Bitmine buys an additional 40,303 Ethereum last week…holdings surpass 4.24 million

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Minseung Kang
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Summary

  • Bitmine said it expanded its holdings to 4,243,338 Ethereum (about 3.52% of circulating supply) after buying an additional 40,303 Ethereum last week.
  • Bitmine reported staking 2,009,267 Ethereum and said that if it moves to full staking, it could generate about $374 million in annual income.
  • Chairman Tom Lee said the company has reached roughly 70% of its goal to secure 5% of total supply and will maintain its position as the largest holder through an Ethereum-focused treasury strategy.
Photo = Bitmine
Photo = Bitmine

Bitmine, the world’s largest corporate holder of Ethereum (ETH), increased its Ethereum stash again after making additional purchases last week.

According to PR Newswire on the 26th, Bitmine bought an additional 40,303 Ethereum last week. As a result, the company’s Ethereum holdings expanded to a total of 4,243,338. This is equivalent to about 3.52% of total Ethereum circulating supply (about 120.7 million).

Bitmine said that as of the 25th, its total digital assets and cash, including its Ethereum holdings, as well as other investment assets, were tallied at $12.8 billion. Specifically, it consists of about 4.24 million Ethereum, 193 Bitcoin (BTC), $682 million in cash, and strategic investment assets (Moonshot).

Of these, 2,009,267 Ethereum are being used for staking, with an additional 171,264 staked over the past week. Based on the global average Ethereum staking yield (CESR·2.81%), the company said that if its entire holdings are fully staked going forward, it could generate about $374 million in annual income.

Bitmine is also building its own staking infrastructure, dubbed the “Made in America Validator Network (MAVAN).” The company said the solution is slated for commercialization in early 2026 and aims for a staking architecture that delivers both security and scalability.

Tom Lee, chairman of Bitmine, said, “Wall Street and policymakers are beginning to recognize digital assets as core infrastructure of the financial system,” adding, “In terms of tokenization and payments infrastructure, Ethereum is already the most widely used blockchain.” He added, “Our current holdings have reached roughly 70% of our medium- to long-term goal of securing 5% of total supply.”

Meanwhile, Bitmine recently invested $200 million in Beast Industries, further expanding the size of its strategic investment assets. The company said it plans to maintain its position as the world’s largest corporate holder of Ethereum through this Ethereum-focused treasury strategy.

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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