- Bitmine acquired 52,203 ETH over the past week, raising total ETH holdings to 5.67 million tokens.
- Total crypto and cash holdings reached $10.7 billion as of June 21, 2026.
- 4.72 million ETH are currently staked, with projected annualized staking rewards of approximately $268 million based on the company’s stated yield.
- Chairman Tom Lee said the company expects to reach its “alchemy of 5%” target sometime in 2026 while continuing its accumulation strategy.
Bitmine Expands Ethereum Holdings With Another Weekly Purchase
According to a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), Bitmine Immersion Technologies (NYSE American: BMNR) acquired 52,203 ETH during the past week, continuing its Ethereum accumulation strategy throughout 2026.
Following the latest purchases, the company reported total ETH holdings of 5.67 million tokens. Bitmine also disclosed that its combined crypto assets and cash holdings reached $10.7 billion as of June 21, 2026.
The latest update marks another milestone in the company’s ongoing Ethereum treasury expansion, reflecting a steady pace of acquisitions during 2026.
Staked Ethereum Holdings Exceed 4.7 Million ETH
As of June 21, 2026, Bitmine reported that 4,718,677 ETH had been staked, representing approximately $8.2 billion based on an ETH price of $1,733 per token.
According to the company, the current staking position makes Bitmine one of the largest Ethereum staking participants globally. The company stated that once all of its Ethereum holdings are fully deployed through MAVAN and its staking partners, the portfolio is projected to generate approximately $268 million in annualized staking rewards using its reported 2.73% seven-day BMNR yield.
The update highlights Bitmine’s continued focus on generating yield from its Ethereum treasury while expanding its long-term digital asset holdings.
Latest Update Continues Bitmine’s 2026 Ethereum Accumulation Strategy
The latest announcement continues Bitmine’s ongoing Ethereum accumulation program during 2026. The company indicated that it intends to maintain its current pace of acquisitions while increasing the amount of ETH committed to staking infrastructure.
Alongside the growth in its Ethereum reserves, Bitmine reported total crypto and cash holdings of $10.7 billion, reflecting the scale of its balance sheet following the latest weekly purchase.
The announcement also reiterates the company’s longer-term objective of reaching what it describes as the “alchemy of 5%” during 2026 while continuing to expand its Ethereum treasury and staking operations.
Recent Corporate Bitcoin Purchases: Strive’s purchase of 759 BTC for approximately $50 million follows Strategy’s recent acquisition of 520 BTC for $34.9 million. The back-to-back purchases reflect continued institutional confidence in Bitcoin, with corporations increasingly using the asset as a long-term treasury reserve despite market volatility.
Comparison With Last Week’s Ethereum Treasury Update
Bitmine’s latest purchase of 52,203 ETH was smaller than the 76,881 ETH acquired during the previous week, but the company continued to expand its Ethereum treasury to approximately 5.67 million ETH. Total crypto and cash holdings increased from $10.4 billion to $10.7 billion, reflecting continued balance-sheet growth. While staked ETH remained above 4.7 million tokens, projected annualized staking rewards rose from roughly $226 million to $268 million. The update also moved Bitmine closer to its long-term objective of controlling 5% of Ethereum’s supply, with Chairman Tom Lee reaffirming expectations of reaching the target in 2026.
At the time of writing (1:09 PM UTC), Ethereum was trading at $1,763.85, up 2.41% over the past 24 hours. Despite the daily gain, ETH remained down 1.44% over the previous seven days, reflecting mixed short-term market sentiment. The latest price action comes as institutional investors, including Bitmine, continue to expand their Ethereum holdings and staking operations.
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