BitMine Holdings continues to buy aggressively into Ethereum and now holds over 53,000 ETH in just one week as the firm is inching closer to its target of owning 5% of all ETH. The new acquisition has helped its large ETH treasury to reach 5.9 million ETH.
At the time of writing, ETH is trading at $2,440.88, with a 24-hour trading volume of $30.04 billion and a market cap of $294.57 billion. Meanwhile, the value of BitMine Holdings’ Ethereum holdings stands at close to $15 billion.
BitMine Holdings Accelerates Ethereum Purchases
The new purchase is larger compared to some of the other BitMine Holdings’ acquisitions that it has made recently. The company purchased 32,447 ETH last week, whereas over the last two weeks, its acquisitions have totalled nearly 86,000 ETH.
After the new purchase, BitMine Holdings will have 5,901,112 ETH. This number accounts for about 4.9% of the circulation of Ethereum, which totals about 120.7 million.
Moreover, the firm is extremely near to achieving its self-proclaimed “Alchemy of 5%” milestone. The milestone entails accumulating a total quantity of the cryptocurrency equivalent to 5% of Ethereum’s total supply. However, at present, BitMine Holdings has almost reached the milestone, being only 2% away from it.
The firm has continued its acquisitions of Ether even when some other big crypto treasuries have ceased doing the same during market uncertainties. It was Tom Lee, chairman of BitMine, who revealed the fact that the firm had acquired ETH on a weekly basis for 65 weeks.
BitMine Holdings introduced its Ethereum treasury approach on June 30, 2025, without failing to buy any week thereafter. This has been instrumental in ensuring that the company remains the biggest corporate Ethereum treasury holder.
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BitMine Holdings Keeps Most ETH Staked
BitMine Holdings is also using its huge number of Ethereum holdings by staking them instead of just holding them in its treasury.
As per recent figures from the company, BitMine has staked 5,067,309 ETH, representing around 86% of its total Ethereum holdings. In terms of value at ETH prices, the staked position has a value of about $12.7 billion.
According to BitMine, its staking business has the potential to generate annualized revenue worth around $335 million, given its annualized staking yield of 2.63%.
This strategy enables BitMine Holdings to generate extra revenue from its Ether holdings even as they keep on accumulating more ETH.
Total BitMine Treasury Reaches $15.6 Billion
The total treasury of the firm has also grown during the week. BitMine Holdings’ total treasury now stands at roughly $15.6 billion in value compared to $14.9 billion earlier.
While having vast amounts of ETH, BitMine Holdings also holds 211 BTC and about $541 million in cash and investments. Among others, it has investments in Beast Industries and Eighto.
While having 5.9 million ETH in its treasury already, BitMine Holdings continues to strive to hit the 5% Ethereum ownership mark. Consistent weekly buys and a strong staking position may keep the company in the spotlight amid the emerging practice of Ethereum treasuries among companies.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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