Summary
- BitMine said it bought an additional 111,942 Ether (ETH) over the past week, raising its total holdings to 5,390,404 ETH.
- The company said the current value of its ETH holdings is about $11.5 billion, including 4,712,917 staked ETH worth about $10.1 billion.
- Chairman Tom Lee cited an Ether supercycle, a goal of securing 5%% of ETH supply, and buying during the pullback below $2,200, saying structural trends are supporting ETH.
Forecast Trend Report by Period
BitMine said it bought 111,942 Ether over the past week, increasing its total holdings to 5,390,404 ETH. The company now holds 4.47% of Ether’s circulating supply of 120.7 million tokens.
PR Newswire reported on May 26 that BitMine held 5,390,404 ETH as of May 25. At an Ether price of $2,134, those holdings were worth about $11.5 billion.
BitMine’s crypto, cash and strategic investment assets totaled $12.3 billion. The figure includes 5.39 million ETH, 203 Bitcoin, $444 million in cash, a $200 million stake in Beast Industries and a $95 million stake in Eighthco Holdings (ORBS).
The company has staked 4,712,917 ETH, worth about $10.1 billion at $2,134 per token. That represents about 87% of its total Ether holdings. Its seven-day annualized staking yield was 2.75%, implying about $276 million in annual staking income.
Chairman Tom Lee said he sees a supercycle unfolding in crypto and Ether. He said expanding tokenization on Wall Street and the rise of agentic AI are structural trends supporting ETH because both require public, neutral blockchains.
BitMine bought 111,942 ETH last week and viewed the recent pullback below $2,200 as an attractive opportunity, Lee said. He added that the company expects to reach its goal of holding 5% of total ETH supply in 2026.
BitMine has traded on the New York Stock Exchange under the ticker BMNR since April 9.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
