Bitmine Achieves Milestone with Over 5 Million Ethereum Tokens
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Bitmine Immersion Technologies, now the second-largest public entity in the cryptocurrency market, has made significant strides in its Ethereum strategy, reflecting its ambitious investment approach. The company released an update on its crypto portfolio and revealed impressive figures concerning its overall holdings.
Currently, Bitmine’s crypto assets amount to a staggering $13.3 billion, with a pronounced emphasis on their Ethereum stockpile, which has reached an unprecedented level.
In its latest report, Bitmine disclosed that it now holds 5,078,386 Ethereum tokens, valued at approximately $2,369 each. This achievement marks a significant milestone, reached just last week, indicating the company’s strong commitment to expanding its Ethereum portfolio.
Thomas Lee, the Chairman of Bitmine, highlighted this accomplishment by noting the company’s goal of acquiring 5% of the total Ethereum supply. He remarked on the remarkable speed at which Bitmine has accumulated these tokens, noting it took around ten months to surpass the 5 million mark.
Lee also referenced studies suggesting Ethereum’s potential as a “store of value.” He pointed to findings from recent research, asserting that Ethereum could increasingly be utilized as collateral in financial transactions, particularly as digital asset adoption continues to grow. He observed that Ethereum’s performance since the onset of the Iran War showcases its resilience, revealing it has outperformed the S&P 500 significantly during this period.
According to Lee, this performance highlights Ethereum’s robustness in times of crisis, distinguishing it from other assets in the market. He attributed this trend to two pivotal factors: the trend of Wall Street increasingly adopting blockchain for tokenization and the rise of autonomous artificial intelligence systems that necessitate the use of neutral public blockchains.
Bitmine’s trading activity has also reflected a sustained investment strategy, as Lee pointed out the company’s increased purchasing rate over the last four weeks, despite fluctuating market conditions. He noted that, in the preceding week, Bitmine acquired 101,901 Ethereum tokens—its highest purchasing rate since mid-December 2025.
Furthermore, Bitmine reported that it currently has 3,701,589 staked Ethereum tokens, which it has valued at $8.8 billion based on the current token price. The company also revealed that its annual staking revenue now stands at $264 million.
As of the latest market updates, Ethereum was priced at $2,292, reflecting a slight retracement of 3% on Monday after encountering resistance at the $2,400 mark, indicating ongoing volatility in the market.
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