BitMine's Ethereum position reached 5,847,611 ETH, after purchasing 32,447 tokens in the previous week. The company pledged 5,067,309 ETH, with an expected annualized pledge income of US$330 million. Based on an ETH price of US$2,440, the position is worth approximately US$14.3 billion, and its total cryptocurrency, cash, securities and strategic investments is US$14.9 billion. At the same time, BMNR shares rose about 4% to trade close to $23.78, and Ethereum is up 30% this week.
BitMine's Ethereum position is one step closer to its 5% supply target.
The latest increase in holdings makes BitMine's Ethereum position account for approximately 4.8% of Ethereum's 120.7 million circulating supply. The company remains the largest publicly disclosed treasury holder of Ethereum. BitMine's goal is to own 5% of its supply, or approximately 6.04 million ETH, so approximately 187,000 tokens are needed to reach the target.
Since launching the Ethereum treasury strategy in June 2025, the company has been increasing its holdings in ETH every week. The latest acquisition is valued at approximately US$79.2 million based on the reference price reported by BitMine.
In addition to ETH, BitMine also holds 210 BTC and US$308 million in cash and marketable securities. In addition, it has an equity stake in Beast Industries worth $180 million and a position in Eightco worth $89 million.
Chairman Tom Lee said ETH rose 30% this week, its strongest performance since May 2025. He attributed the rise to the easing financial environment, tokenization, artificial intelligence and improved risk appetite.
Pledge income and BMNR shares climb as ETH rises
BitMine's Ethereum positions include 5,067,309 pledged ETH, accounting for approximately 87% of the total positions. The reported value of pledged tokens is approximately US$12.4 billion.
BitMine expects annualized pledge revenue of US$330 million. Through its pledge network and full deployment of partners, annual revenue of US$381 million can be achieved with a yield of 2.67%.
BMNR shares rose as Ethereum rose this week. During Monday's trading session, shares were trading at around $23.78, up about 4.2%.
BitMine Ethereum position update puts it ahead of SharpLink and The Ether Machine. The two companies disclosed positions of approximately 863,020 ETH and 496,712 ETH respectively.
Among public crypto treasury companies, BitMine is second only to Strategy. Strategy holds 840,447 BTC, while BitMine's Ethereum position is the largest publicly disclosed company ETH position.

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