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Bitmine has revealed that it holds 4 422 659 $ETH, representing approximately 3.66% of the circulating Ethereum supply of about 120.7 million tokens.
At a reference price of $1 958 per $ETH, the company’s crypto reserve positions it among the largest institutional holders of Ethereum globally.
New purchases and staking expansion
In the past week alone, Bitmine added 51 162 $ETH, continuing its accumulation strategy during a period management describes as a “mini crypto winter.” The company views the current dip in $ETH’s price as inconsistent with the network’s long-term potential – particularly in the areas of tokenization, AI-based smart contracts, and the creator economy.
Out of the total 4.4 million $ETH, 3 040 483 $ETH are already staked – approximately $6 billion at current levels. This means that about 69% of the reserves are directed toward generating yield.
Bitmine estimates that upon full deployment of its staking infrastructure and partnerships, annual rewards could reach approximately $249 million, based on a 7-day yield of 2.89%. Currently, the annual value of staking income is estimated at around $171 million.
The total value of crypto, cash, and strategic investments reaches approximately $9.6 billion. A recently completed $200 million investment in Beast Industries further expands exposure beyond digital assets.
Positioning among global crypto reserves
Bitmine defines itself as the largest Ethereum reserve in the world and the second-largest public crypto treasury globally, following Strategy Inc., which holds over 717 000 BTC.
Unlike companies focused on Bitcoin, Bitmine’s strategy is concentrated almost entirely on $ETH, with the goal of reaching the symbolic threshold of 5% of the total supply – dubbed by management as the “Alchemy of 5%.”
After just seven months of accumulation, the company claims it has already achieved over 73% of this goal.
Strategic focus
Bitmine’s management is betting on wider integration of digital assets into the US financial system, drawing parallels with historical stages in the development of Wall Street.
For now, the message remains clear: Continued accumulation of Ethereum and a steady approach toward the goal of 5% of the global $ETH supply.