BitMine Immersion (BMNR) added to its Ethereum coffers last week, bringing its total holdings to 5.77 million ether (ETH), or about 4.8% of Ethereum’s circulating supply of 120.7 million tokens, according to a Monday press release.
The company said that nearly five million of its ETH holdings are staked, allowing it to earn stake rewards while maintaining one of the largest corporate Ethereum treasure holdings.
In addition to ether, BitMine’s balance includes 206 bitcoin a $180 million stake in Beast Industries, a $69 million stake in Eightco Holdings (ORBS), and about $482 million in cash and marketable securities.
Chairman Tom Lee pointed to growing activity on Ethereum’s layer-2 network as a key reason for the company’s continued focus on ETH.
“One of the biggest crypto success stories of 2026 is the breakout success of the Robinhood Chain L2 mainnet on July 1, built on Arbitrum,” Lee said in the release. “Already, dollar volume has exceeded $1 billion, and Robinhood Chain now has more trading volume than any other decentralized exchange (DEX), demonstrating the unique utility and product market fit of Ethereum, the underlying chain.”
