BitMine | Crypto

BitMine has staked 84% of its Ethereum holdings, projecting up to $400 million in annual staking revenue once the entire treasury is deployed.

BitMine Immersion Technologies Chairman Tom Lee said the company will stop accumulating Ethereum once its holdings reach 5% of the cryptocurrency’s supply, capping the strategy that made it ETH’s largest corporate holder. Speaking at TOKEN2049 in Singapore, Lee said BitMine was already close to that limit and would not pursue an open-ended accumulation campaign. He […] The post BitMine’s Ethereum buying spree could end in six weeks appeared first on CryptoSlate.

Tom Lee said Bitmine will be “done stacking” once it owns 5% of ETH, setting an end date to an accumulation streak that began in mid-2025 and made the company the world's largest Ethereum treasury.

Tom Lee said BitMine will not accumulate Ether past 5% of the supply, turning the company’s target into a ceiling. BitMine Immersion Technologies will cap its Ether holdings at 5% of the cryptocurrency’s supply, according to Chairman Tom Lee. Speaking during a keynote at Token2049 in Singapore on Wednesday, Lee said BitMine is nearing the threshold after accumulating roughly 6 million Ether, equivalent to about 4.9% of the supply. He said the company needs about 100,000 ETH more to reach its target. “That’s a hard cap. We’re not gonna be accumulating past 5%,” Lee said. “We’re not gonna own more than 5% of Ethereum.” Read more

Its remaining ETH gap is about $280 million at the company's reference price, against $672 million in reported cash and securities. The post BitMine nears 5% Ethereum threshold, yet stock valuation rules dictate its next move appeared first on CryptoSlate.

BitMine could reach 5% of Ether’s supply by early November, while Tom Lee has left open whether it would continue buying beyond that level. Ethereum treasury company BitMine Immersion Technologies could reach its goal of holding 5% of Ether’s supply by early November if its recent buying pace continues. A Cointelegraph review of BitMine’s 12 weekly updates issued from July 13 through Sept. 28 shows the company reported acquiring about 259,000 Ether (ETH), averaging roughly 21,600 ETH per week. BitMine reported 6,001,302 ETH as of Sunday, equal to 4.9% of the 122.1 million ETH supply it cited.   At this supply level, 5% would equate to about 6.105 million ETH, leaving BitMine roughly 103,700 ETH short. Maintaining its 12-week average purchase rate would close the gap in about 4.8 weeks, though the estimate could shift if the company changes its buying pace. Read more

Bitmine now has more than 5 million ETH staked, turning most of its Ether holdings into a recurring income stream as it continues to accumulate. Bitmine Immersion Technologies added to its Ether holdings last week while projecting hundreds of millions of dollars in annual staking revenue, highlighting how its massive ETH treasury could generate income even during volatile market conditions. In a Monday announcement, Bitmine said it acquired 27,180 ETH last week, bringing its holdings to more than 5.95 million ETH, worth roughly $15.4 billion and representing about 4.9% of Ether’s circulating supply. Including cash and other crypto assets, Bitmine reported total holdings of approximately $15.8 billion. Bitmine said more than 5.06 million ETH is now staked, generating an estimated $334 million in annualized staking revenue at current rates. Read more

Filings name MAVAN and staking partners but leave operator allocation and signing-key custody undisclosed. The post BitMine’s staked ETH equals nearly 12% of Ethereum’s active stake, but who controls it? appeared first on CryptoSlate.

While Bitmine’s completed 97% of its goal to acquire 5% of Ether’s supply, Tom Lee’s team faces a $5.1 billion unrealized loss on its main treasury asset. Bitmine Immersion Technologies, the largest corporate Ether holder, announced another purchase of the second-biggest crypto, bringing the company closer to management’s goal of accumulating 5% of the total supply. Bitmine acquired 28,086 Ether (ETH) last week, according to a Tuesday announcement, which is currently worth about $69.5 million. The purchase brings Bitmine’s total holdings to 5.93 million Ether acquired at an average price of $2,495 per ETH.  Bitmine reported $15.7 billion in total assets, including $593 million in marketable securities, cash, other crypto holdings and 5.1 million in staked ETH, which is expected to generate $330 million in annualized staking revenue. Read more

Bitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses. Bitmine Immersion Technologies extended its Ether buying streak to 65 consecutive weeks, adding 53,501 ETH last week as a broader crypto market recovery lifted the value of its burgeoning digital asset portfolio despite sizable unrealized losses. The latest purchase brought Bitmine’s holdings to more than 5.9 million ETH, valued at roughly $14.8 billion based on an Ether price of $2,511 as of Sunday. The company now owns 4.9% of Ethereum’s 120.7 million circulating supply, putting it within striking distance of its stated goal of owning 5%. Bitmine’s chairman, Tom Lee, said Ether, Bitcoin (BTC) and Solana (SOL) have been the three best-performing major assets since June 30, with ETH leading the gains. Read more

Bitmine now holds $15 billion in Ethereum and is about 187,000 ETH short of its 5% supply target after another major purchase. The post Bitmine Is 187,000 ETH Away From Owning 5% of All Ethereum, And It Just Got a Lot Closer appeared first on Cryptonews.

Ether’s breakout above $2,500 has put the spotlight back on corporate ETH treasuries, with Bitmine now nearing its long-stated accumulation target. Tom Lee’s Bitmine Immersion Technologies continued its accumulation of Ether last week, adding to its holdings as the cryptocurrency staged a sharp breakout following a prolonged downturn. The company disclosed Monday that it purchased 32,447 Ether (ETH) last week, bringing its total holdings to 5,847,611 ETH, or roughly 4.8% of Ethereum’s circulating supply. Bitmine has acquired ETH every week since launching its Ethereum treasury strategy on June 30, 2025, extending its buying streak to roughly 14 months. The company’s NYSE-traded shares were up about 8.7% to open the week, poised to extend their almost 28% gains over the past six months. Bitmine is now 97% of the way toward its stated goal of owning 5% of the ETH supply. It has also staked 5.07 million ETH, representing about 87% of its holdings, and reported combined crypto, cash, securities and other investme...

Tom Lee’s Ethereum treasury company keeps buying the second-biggest crypto through the downturn, while more than 5 million staked ETH is projected to generate $287 million in annual rewards. Tom Lee’s Bitmine Immersion Technologies, an Ethereum treasury company, resumed its Ether purchases last week, bringing it closer to a key business target of owning 5% of the second-biggest cryptocurrency’s supply despite challenging market conditions. The company disclosed Monday that it acquired 9,926 Ether (ETH) during the week ending Aug. 16, bringing its total holdings to roughly 5.82 million ETH, or about 4.8% of Ethereum’s circulating supply. At an ETH reference price of $1,893, Bitmine’s Ether holdings were valued at roughly $11 billion. However, much of the company’s ETH was acquired at significantly higher prices. Ether’s price was little changed on Monday, sitting just above $1,900. Read more

Bitmine’s Ether staking revenue is an important financial buffer that fills financial gaps and provides recurring revenue streams beyond Ether’s price appreciation, analysts told Cointelegraph. Bitmine Immersion Technologies, the largest corporate Ether holder, surpassed 5 million Ether in staked tokens, which will generate an estimated $257 million in annualized revenue, according to a company announcement on Monday.  Ether (ETH) staking is emerging as an important revenue stream that generated about 98% of Bitmine’s revenue for the fiscal quarter ending May 31, or $45.7 million of the company’s $46.5 million, analysts from Bitfinex exchange told Cointelegraph, adding: Ether treasury companies are facing growing unrealized losses as their margins are pressured by the decline in Ether’s spot price, which fell roughly 23% during the second quarter of 2026.  Read more

Bitmine said it now holds about 4.8% of Ether’s circulating supply as it pursues its 5% acquisition target. Ether treasury company Bitmine Immersion Technologies bought another 10,399 Ether last week and repurchased 4.5 million of its shares as it continued its crypto accumulation and stock-buyback program. On Monday, Bitmine said it held 5,797,813 Ether (ETH) worth $10.9 billion. The company said its ETH holdings represent about 4.8% of Ether’s 120.7 million circulating supply. Bitmine is pursuing a target of 5% of the total ETH supply.  The company also held 209 Bitcoin (BTC), $173 million in cash and marketable securities, and equity stakes in Beast Industries and Eightco Holdings. Its combined crypto, cash, securities and other investments were valued at $11.3 billion.  Read more

The company added nearly 10,000 ETH over the past week, bringing its holdings to 5.79 million Ether, about 85% of which is staked through its validator operations. Bitmine Immersion Technologies said Monday it holds 5.79 million Ether, or about 4.8% of the cryptocurrency’s total supply, after purchasing nearly 10,000 ETH over the past week. Bitmine disclosed that about 4.9 million ETH (ETH), or roughly 85% of its holdings, are staked through its validator operations. The company projected annualized staking rewards of about $299 million once all of its Ether is deployed across its staking infrastructure and partner validators. The company’s crypto holdings, cash and marketable securities total $11.8 billion as of July 26. The latest purchases come as Ether has outperformed Bitcoin (BTC) over the past week. ETH has gained about 2.4% over the past seven days while Bitcoin has fallen roughly 0.7%, according to CoinGecko data. In Monday’s announcement, Bitmine Chairman Tom Lee said the rising ETH/BTC ratio, which...

Ethereum Tower can keep its 2% interest and may elect continuing fees or a formula-based payment after a covered termination. The post BitMine gets 98% of revenue from staking as a decade-long contract complicates an early exit appeared first on CryptoSlate.

BitMine would now need to spend just $482 million more to complete its goal of owning 5% of Ethereum's total supply, though management is signaling that the final purchases will come more slowly. On July 20, the company revealed that it held 5,777,468 ETH after adding 7,430 tokens during the previous week. The latest purchase […] The post BitMine is now $484 million away from completing its 5% Ethereum target appeared first on CryptoSlate.

The Ethereum treasury firm added 7,430 ETH over the past week, bringing its holdings to nearly 5% of the network’s circulating supply. Top Ethereum treasury company Bitmine said Monday its Ether holdings had reached 5.78 million tokens, representing about 4.8% of Ethereum’s circulating supply, as the company closed in on its stated goal of accumulating 5% of all ETH. According to Monday’s announcement, the company added 7,430 ETH (ETH) over the past week. About 4.9 million ETH, or roughly 85% of its treasury, is currently staked through its validator network and partners. Bitmine valued its crypto, cash and marketable securities at $11.5 billion, including 207 Bitcoin and $385 million in cash and securities. The company also repurchased 5.5 million shares during the week under its previously authorized $4 billion buyback program. Read more

Bitmine plans to slow its Ethereum purchases as its holdings approach 5% of the cryptocurrency’s supply, ending a year of rapid accumulation that made the company the network’s largest corporate token holder. In his July Chairman message, Thomas Lee said Bitmine has amassed 5.7 million ETH, equal to about 4.8% of supply, but will approach […] The post Bitmine nears its Ethereum buying limit – Now it needs demand to make the bet pay off appeared first on CryptoSlate.