Bitmine Immersion Technologies added 15,112 ETH over the past week, taking its total Ethereum holdings to 6,016,414 tokens, according to reports from The Block, Decrypt and Unchained. The latest purchase extends a weekly accumulation program that the company says has continued without interruption since it launched its Ethereum treasury strategy in June 2025.
At a reference price of $2,726 per ETH, Bitmine valued the Ethereum position at roughly $16.4 billion. The company said its holdings represent about 4.9% of Ethereum’s 122.1 million-token supply, putting it close to the 5% ownership goal it calls the “Alchemy of 5%.” The latest purchase was smaller than the prior week’s addition, but it still increased an already unusually large corporate crypto position.
The Block reported that 5,067,309 ETH, or about 84% of Bitmine’s holdings, are staked through the company’s MAVAN platform and other staking partners. Bitmine projected annualized staking revenue of about $363 million based on the yield assumptions cited in its update, showing how the treasury strategy combines asset accumulation with network-based income.
Beyond Ethereum, Bitmine reported holdings that include 214 Bitcoin, cash and marketable securities, and strategic equity investments. The company placed the combined value of crypto, cash, marketable securities and other investments at $17.4 billion as of its latest update.
The size of the position makes Bitmine a closely watched participant in Ethereum’s institutional ownership landscape. Large corporate accumulation can reduce the amount of freely circulating ETH when tokens are held for long periods or staked, although the broader market effect depends on trading liquidity, issuance, investor flows and the behavior of other large holders.
For ETH/USD, the development adds another data point to the growth of corporate treasury demand for Ethereum. It does not determine price direction by itself, but Bitmine’s continued purchases and high staking share show that a significant quantity of ETH is being managed as a long-duration corporate asset rather than only as a short-term trading position.