Bitmine Acquires 42,197 ETH in a Week, Holdings Rise to 5.74M ETH

Bitmine buys 42,197 ETH in one week, raising holdings to 5.74M ETH and total crypto, cash and securities to $11.1B.

Bitmine Immersion Technologies said it acquired 42,197 ETH over the past week, raising its total Ethereum holdings to 5,742,237 ETH.

The company said its ETH position now represents 4.8% of Ethereum’s circulating supply, based on a total ETH supply of 120.7 million.

Bitmine also reported total crypto, cash, marketable securities and other investments of $11.1 billion.

The update places Bitmine closer to its stated goal of acquiring 5% of the total ETH supply within its treasury strategy.

Bitmine Ethereum Holdings Reach 5.74 Million ETH

Bitmine said its latest purchase added 42,197 ETH to its balance sheet during the past week. After the acquisition, the company’s total Ethereum holdings reached 5,742,237 ETH. 

The company described the position as part of its long-term crypto investment strategy.

JUST IN: Bitmine added 42,197 $ETH, increasing its total Ethereum holdings to 5,742,237 ETH. 🚀 pic.twitter.com/kBH1gGWSsu

— The Moon Show (@TheMoonShow) July 6, 2026

The firm said it now owns 4.8% of Ethereum’s total circulating supply. Based on its stated goal, Bitmine is nearing its 5% ETH accumulation target. 

The company referred to that target as the “Alchemy of 5%” in its announcement.

Bitmine also said it holds 4,879,157 staked ETH. At an ETH price of $1,800, the staked position is valued at about $8.8 billion. 

The company said this staking activity is linked to MAVAN, its Ethereum validator network.

Total Holdings Rise to $11.1 Billion

Bitmine reported combined crypto, cash, marketable securities and other investments of $11.1 billion. 

That total includes its 5.74 million ETH holdings, along with cash and listed securities. The company also reported $527 million in total cash and marketable securities.

Bitmine Acquires 42,197 ETH in a Week, Holdings Rise to 5.74M ETH

Bitmine said it acquired 42,197 ETH over the past week, bringing its total holdings to 5,742,237 ETH, equivalent to 4.8% of Ethereum’s circulating supply. Its crypto, cash, marketable securities, and other… pic.twitter.com/KorgMJI77d

— Wu Blockchain (@WuBlockchain) July 6, 2026

The announcement listed additional crypto holdings and strategic investments as part of the total. 

Bitmine also said it owns $71 million of Eightco, which trades on Nasdaq under the ORBS ticker. The company said the Eightco position gives investors indirect exposure to OpenAI.

Bitmine’s Series A Preferred Stock is trading on the New York Stock Exchange under the symbol BMNP. 

The company’s common stock trades under the BMNR ticker. Bitmine was also added to the Russell 1000 Large-cap index on June 26, 2026.

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Institutional Backers Support ETH Strategy

In a recent press release, Bitmine said its strategy remains supported by a group of institutional and crypto-sector investors. 

The company named ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, DCG and Galaxy Digital among its backers. It also listed MOZAYYX, Bill Miller III and Thomas “Tom” Lee.

The company is focused on accumulating crypto for long-term investment, with Ethereum as its main treasury asset. Its latest purchase shows continued execution of that strategy. 

The ETH holdings update also places Bitmine among the largest public company holders of Ethereum.

Bitmine’s growing ETH position connects corporate treasury activity with Ethereum staking and validator operations. 

The company’s next updates will likely be watched for progress toward the 5% ETH supply target. For now, Bitmine reports 5.74 million ETH and total holdings of $11.1 billion.