BitMine Immersion (BMNR) added to its Ethereum treasury final week, bringing its whole holdings to five.77 million ether ($ETH), or about 4.8% of Ethereum’s circulating provide of 120.7 million tokens, in line with a Monday press launch.
The corporate stated almost 5 million of its $ETH holdings are staked, permitting it to earn staking rewards whereas sustaining one of many largest company Ethereum treasuries.
Past ether, BitMine’s steadiness sheet consists of 206 bitcoin BTC$63,015.88, a $180 million stake in Beast Industries, a $69 million stake in Eightco Holdings (ORBS) and about $482 million in money and marketable securities.
Chairman Tom Lee pointed to rising exercise on Ethereum’s layer-2 networks as a key motive for the corporate’s continued concentrate on $ETH.
“One of many greatest crypto success tales in 2026 is the breakaway success of the Robinhood Chain L2 mainnet on July 1, constructed on Arbitrum,” Lee stated within the launch. “Already, greenback volumes have exceeded $1 billion, and Robinhood Chain now has extra buying and selling quantity than some other decentralized change (DEX), demonstrating the excellent utility and product market match for Ethereum, which is the underlying chain.”
