- Bitmine acquired 27,801 ETH during the latest reporting period, increasing total holdings to 5,770,038 ETH.
- Total crypto holdings, cash, marketable securities and strategic investments reached $11.3 billion.
- 4,917,189 ETH are currently staked through the company’s MAVAN platform, representing around 85% of total ETH holdings.
- Bitmine now owns approximately 4.8% of Ethereum’s circulating supply and says it is 96% of the way toward its long-term goal of owning 5% of all ETH.
Bitmine Continues Ethereum Buying Streak
Bitmine Immersion Technologies has expanded its Ethereum treasury once again, purchasing 27,801 ETH during the latest reporting period and increasing its total holdings to 5,770,038 ETH, according to the company’s treasury update released on July 13.
Based on the latest figures, Bitmine now controls approximately 4.8% of Ethereum’s circulating supply of 120.7 million ETH, bringing it closer to its publicly stated objective of owning 5% of all ETH, a milestone the company refers to as the “Alchemy of 5%.”
Total Holdings Rise to $11.3 Billion
Bitmine reported that its combined crypto assets, cash, marketable securities and strategic investments totaled $11.3 billion as of July 12.
According to the company, the portfolio includes:
- 5,770,038 ETH
- 206 BTC
- $482 million in cash and marketable securities
- $180 million investment in Beast Industries
- $69 million stake in Eightco Holdings (NASDAQ: ORBS)
The latest treasury update reflects continued growth in both digital asset holdings and supporting financial assets compared with previous weekly disclosures.
Staked Ethereum Holdings Near 4.92 Million ETH
Bitmine also reported that 4,917,189 ETH have been staked through its MAVAN (Made in America Validator Network) platform and partner validators. The staked balance represents approximately 85% of the company’s Ethereum treasury, valued at roughly $9.0 billion using an ETH reference price of $1,820.
Based on Bitmine’s reported 2.70% seven-day staking yield, projected annualized staking revenue now stands at approximately $242 million, highlighting staking as an increasingly important source of recurring income alongside treasury appreciation.
Recent Corporate Developments
In addition to expanding its Ethereum holdings, Bitmine has recorded several notable corporate milestones during recent weeks.
These include:
- Addition to the Russell 1000 Large-Cap Index on June 26, 2026.
- Listing of its Series A Preferred Stock (BMNP) on the New York Stock Exchange.
- Continued institutional backing from investors including ARK, Founders Fund, Pantera, Galaxy Digital, Kraken, DCG, Bill Miller III, and Tom Lee.
The company believes inclusion in the Russell 1000 could broaden ownership among passive investment funds and institutional investors tracking the benchmark.
Comparison With Previous Treasury Updates
The latest purchase continues Bitmine’s steady Ethereum accumulation strategy throughout July.
Compared with previous updates:
- July 6: Bitmine purchased 42,197 ETH, bringing holdings to 5.74 million ETH.
- July 8: The company announced another 40,000 ETH acquisition.
- July 10: Treasury expanded with an additional 20,500 ETH.
- July 13: Another 27,801 ETH purchase increased holdings to 5.77 million ETH.
Across these four updates, Bitmine added more than 130,000 ETH while steadily increasing staked assets and overall treasury value.
ETH Price Update
At the time of writing (12:29 UTC), Ethereum (ETH) was trading at $1,778.89, down 1.72% over the previous seven days. The cryptocurrency had a market capitalization of approximately $214.68 billion, while 24-hour trading volume stood at $9.21 billion. Ethereum’s circulating supply remained at 120.68 million ETH.
Although ETH has traded lower over the past week, Bitmine’s latest treasury update suggests the company continues to expand its long-term Ethereum position while increasing staking participation and maintaining one of the largest publicly disclosed ETH treasuries among listed companies.
