Bitmine ETH Holdings Reach 5.7M After Joining Russell 1000
The company bought 27,084 ether last week and now holds 5.7 million ETH, while Tom Lee said quarter-end rebalancing pressured crypto prices.
- On Monday, Bitmine Immersion Technologies announced total crypto, cash, and investment holdings reached $9.8 billion, with the company holding 5.7 million ETH tokens and continuing aggressive accumulation.
- Bitmine joined the Russell 1000 Large-cap Index on June 26, a milestone expected to attract hundreds and possibly thousands of institutional investors to the largest Ethereum treasury company.
- As of June 28, total staked ETH stood at 4,879,157, valued at $7.7 billion; through its MAVAN infrastructure, Bitmine projects annualized staking rewards of $246 million alongside $555 million in cash and marketable securities.
- Chairman Thomas 'Tom' Lee attributed recent crypto weakness to quarter-end rebalancing, stating "'window dressing' led investors to reduce holdings" as ETH fell 8% last week.
- Bitmine is 94% toward its 'Alchemy of 5%' goal to control 5% of total ETH supply, while management emphasizes modernization of Wall Street infrastructure on crypto rails as the positive roadmap remains intact.
22 Articles
22 Articles
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.70 Million Tokens, and Total Crypto and Total Cash Holdings of $9.8 Billion - BlockTelegraph
Bitmine owns 4.7% of the total ETH coin supply of 120.7 million Bitmine is 94% of the way to the ‘Alchemy of 5%’ in just 11 months Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026 Bitmine’s Series A Preferred Stock is trading on the NYSE under the symbol BMNP Bitmine has 4,879,157 staked ETH, representing $7.7 billion at $1,569 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for …
Bitmine Acquires $42.47M Ethereum, Tom Lee Blames Corporate Window Dressing In Recent Sell-Offs
Bitmine purchased $42.47 million worth of Ethereum over the past week, increasing its portfolio to 5.7 million ETH. The company is at a $10 billion unrealized loss on its total investment in Ether, but its chairman, Tom Lee, remains optimistic about the asset’s potential. Tom Lee said corporate window dressing amplified the continuous drawdowns in Ether prices. Bitmine Immersion Technologies (BMNR) is still at an unrealized loss on its Ethereum …
Tom Lee Sees Quarter-End Selling Behind Crypto Weakness as BitMine Expands Ethereum Treasury
BitMine added $43M in ETH despite market weakness, reinforcing long-term conviction. Tom Lee says quarter-end rebalancing, not fundamentals, drove Ethereum’s decline. Strategy paused Bitcoin buys as it prioritized liquidity and balance sheet strength. BitMine Immersion Technologies continued expanding its Ethereum treasury despite another difficult week for digital assets, signaling confidence in its long-term strategy. The company purchased rou…
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