Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC 
ETH Bitmine Immersion Technologies announced on Monday that after purchasing nearly 10,000 ETH units in the past week, its total holdings of ether have reached 5.79 million units, accounting for approximately 4.8% of the total supply of the cryptocurrency. Bitmine disclosed that approximately 4.9 million (approximately 85%) of its Ethereum holdings have been pledged through its verification node operations. The company expects that when all Ethereum is deployed to its pledge infrastructure and cooperation verification nodes, the annualized pledge reward will reach approximately US$299 million. As of July 26, the company's cryptocurrency holdings, cash and securities totaled $11.8 billion.
This latest purchase comes at a time when ether has outperformed Bitcoin (BTC) in the past week. ETH has risen by about 2.4% in the past seven days, while Bitcoin has fallen by about 0.7%. Bitmine Chairman Tom Lee said in an announcement on Monday that the ETH/BTC ratio rose to a three-month high, indicating that Ethereum's upward momentum is strengthening.
The performance of Bitcoin and Ethereum in the past seven days.
Bitmine has built the world's largest corporate ether vault, and its digital asset holdings are second only to Strategy among listed companies. However, Bitmine's increased holdings strategy has recently diverged from Strategy, which has suspended Bitcoin purchases in the past few weeks. On Monday, Strategy announced that it had raised $544.5 million through stock sales, repurchased $25 million of STRC preferred stock, and increased its U.S. dollar reserves to $3.75 billion while maintaining its holding of 843,775 BTC units.
