BitMine Buys 7,391 More Ether in Past Week, Lifting Holdings Above 5.8 Million

BitMine, the world’s largest corporate holder of Ether, bought 7,391 ETH over the past week, increasing its total holdings to 5,805,238 ETH. That amounts to 4.8% of Ether’s circulating supply of 120.7 million tokens.

BitMine’s digital-asset, cash, marketable securities and strategic investment assets totaled $11.6 billion as of Aug. 10, according to PR Newswire. The holdings include 5.8 million ETH, 209 Bitcoin, $104 million in cash and marketable securities, a $180 million stake in Beast Industries and a $69 million stake in Ateco Holdings.

At an Ether price of $1,928, BitMine’s ETH holdings are worth about $11.2 billion. The company said it has reached 96% of its goal of acquiring 5% of total ETH supply. It has bought ETH every week for about 14 months since launching its Ethereum treasury strategy on June 30, 2025.

BitMine has staked 5,067,309 ETH, equal to 87% of its total holdings. At $1,928 per Ether, those staked holdings are worth about $9.8 billion. Based on a seven-day annualized yield of 2.63%, annual staking income is estimated at about $257 million. Staking all of its ETH would generate about $294 million in annual rewards, the company said.

Chairman Tom Lee said it was disappointing that the Clarity Act did not reach a Senate vote before the August recess. Still, he said financial markets are focusing more on softer inflation and employment data. He added that the probability of a September interest-rate increase by the Federal Reserve had fallen to 40% from 75% two weeks earlier, and that easier financial conditions would be a tailwind for digital assets.

Lee said that since BitMine shifted to an Ethereum treasury strategy on June 30, 2025, the company’s stock has often outperformed ETH in the following month when Ether significantly beat Bitcoin on a monthly basis. In July, ETH outperformed Bitcoin by 1,100 basis points, a pattern he said was similar to July and December 2025 and March 2026.

BitMine repurchased 3 million common shares last week. Since Aug. 1, 2026, the company has bought back a total of 19.1 million common shares under its $4 billion share repurchase program.

Lee said BitMine’s common stock remains undervalued. He described the latest repurchase as the largest ever among Ethereum, Bitcoin and digital-asset treasury companies.

BitMine is the world’s largest Ethereum treasury company and remains the second-largest digital-asset treasury company globally after Strategy.