TL;DR:
- Bitmine acquired around 42,197 ETH for approximately $74 million last week, raising its total reserves to 5.74 million ETH, valued at $10 billion.
- The company controls 4.8% of Ethereum’s supply and aims to reach 5%: it holds more than 4.8 million ETH in staking.
- Chairman Tom Lee linked ETH’s current strength against BTC to growing optimism surrounding the potential approval of the Clarity Act.
Bitmine Immersion pressed the accelerator on its latest Ethereum purchases. Last week it acquired 42,197 ETH for approximately $74 million, according to an update published this Monday. With this transaction, the world’s largest corporate Ethereum treasury raised its total reserves to 5.74 million ETH, a position valued at around $10 billion that already represents 4.8% of the asset’s circulating supply.
The pace of acquisitions surpassed that of the previous week, when the company purchased around 27,084 ETH, though it still remains below the six-figure weekly purchases Bitmine sustained during the early months of the year. In addition to its ETH position, the company reported holdings of 206 bitcoin, $527 million in cash and marketable securities, as well as stakes in Beast Industries and Eightco Holdings, bringing the total of crypto assets, liquidity and investments to $11.1 billion.
1/
BitMine provided its latest holdings update for July 6, 2026$11.1 billion in total crypto + "moonshots":
– 5,742,237 ETH at $1,800 per ETH per ETH (per @coinbase)
– 206 Bitcoin (BTC)
– $180 million stake in Beast Industries @MrBeast
– $71 million stake in Eightco Holdings…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) July 6, 2026
Bitmine Bets on the Regulatory Cycle
Thomas Lee, chairman of the company, attributed the current relative strength of ETH against BTC to growing optimism over the potential approval of the Clarity Act, legislation that seeks to establish greater regulatory clarity for digital assets in the United States. Prediction markets currently assign a probability of around 50% to its approval, the highest level recorded in the past two weeks.
“We believe regulatory clarity is an important milestone, enabling cryptocurrencies, particularly smart contract platforms like Ethereum, to benefit as they integrate into everyday life,” Lee stated. The executive cited as an example the processing of USDC transactions by Ethereum layer-2 networks for companies such as Shopify and Visa.
Bitmine’s operations contrast with those of Strategy, the largest corporate bitcoin holder, which sold approximately $216 million in BTC to cover liquidity needs. Analysts noted that the combination of Strategy’s sales and Bitmine’s purchases may have contributed to ETH outperforming BTC by 6% during the past week.
The staking platform MAVAN, operated by Bitmine, holds more than 4.8 million ETH in staking, with an approximate value of $8.5 billion at current prices, generating recurring income for the treasury.
