{"id":5089,"date":"2026-08-03T20:51:12","date_gmt":"2026-08-03T20:51:12","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=5089"},"modified":"2026-08-03T20:51:12","modified_gmt":"2026-08-03T20:51:12","slug":"bitmine-adds-10399-eth-as-treasury-approaches-5-8-million-coins","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/08\/03\/bitmine-adds-10399-eth-as-treasury-approaches-5-8-million-coins\/","title":{"rendered":"Bitmine Adds 10,399 ETH as Treasury Approaches 5.8 Million Coins"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"588\" height=\"330\" data-id=\"5090\" src=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/08\/IMG_4101.jpeg\" alt=\"\" class=\"wp-image-5090\" srcset=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/08\/IMG_4101.jpeg 588w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/08\/IMG_4101-300x168.jpeg 300w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/08\/IMG_4101-520x292.jpeg 520w\" sizes=\"auto, (max-width: 588px) 100vw, 588px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Bitmine Immersion Technologies has expanded its Ethereum holdings once again, purchasing another 10,399 ETH over the past week as it continues to strengthen its position as the world\u2019s largest corporate holder of the cryptocurrency.<\/p>\n\n\n\n<p>Following the latest acquisition, the company\u2019s treasury has grown to 5,797,813 ETH, putting it just below the 5.8 million ETH milestone.<\/p>\n\n\n\n<p><strong>Ethereum Treasury Continues to Grow<\/strong><\/p>\n\n\n\n<p>According to the company\u2019s latest announcement, Bitmine\u2019s combined cryptocurrency holdings, cash, and other investments are now worth approximately $11.3 billion.<\/p>\n\n\n\n<p>Its Ethereum reserves alone are valued at roughly $10.9 billion, reflecting ETH\u2019s recent pullback from above $1,900 to below $1,850. The company now controls about 4.8% of Ethereum\u2019s circulating supply, further solidifying its lead among corporate ETH holders.<\/p>\n\n\n\n<p>Bitmine has also narrowed the gap with Strategy, the largest corporate cryptocurrency holder overall. While Bitmine continues accumulating Ethereum, Strategy has paused its Bitcoin buying and recently disclosed its third Bitcoin sale of the year.<\/p>\n\n\n\n<p>Chairman Tom Lee said the company has increased its Ethereum holdings every week since adopting its Ethereum treasury strategy on June 30 last year. He added that Ethereum\u2019s recent price performance, which has outpaced Bitcoin and many other major cryptocurrencies, reflects improving fundamentals for both the asset and the broader crypto market.<\/p>\n\n\n\n<p>Lee noted that ETH outperformed the Nasdaq 100 by 25 percentage points during July, marking its strongest relative monthly performance since July 2025.<\/p>\n\n\n\n<p>He said:<\/p>\n\n\n\n<p>\u201cIn July, ETH outperformed the Nasdaq 100 by 2,500 basis points, or 25 percentage points. This is the largest outperformance since July 2025, and we believe it reflects the strengthening fundamentals of crypto. Last July, ETH climbed from $2,375 to $4,057 by the end of August.\u201d<\/p>\n\n\n\n<p><strong>Staking Operations Continue to Expand<\/strong><\/p>\n\n\n\n<p>In addition to building its Ethereum treasury, Bitmine is expanding its staking business through its institutional platform, MAVAN.<\/p>\n\n\n\n<p>The company has already committed approximately 4.92 million ETH to staking, representing about 85% of its total holdings.<\/p>\n\n\n\n<p>Based on current staking yields, Bitmine estimates it could generate approximately $291 million in annual staking rewards, translating into roughly $247 million in annualized staking revenue.#crypto#cryptonews <a href=\"https:\/\/coinsignals.net\">https:\/\/coinsignals.net<\/a> <a href=\"https:\/\/t.me\/coinsignalpublic\">https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitmine Immersion Technologies has expanded its Ethereum holdings once again, purchasing another 10,399 ETH over the past week as it continues to strengthen its position as&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5089","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=5089"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5089\/revisions"}],"predecessor-version":[{"id":5091,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5089\/revisions\/5091"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=5089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=5089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=5089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}