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BTC 
ETH BitMine purchased 27,801 ETH in a week, and its total position rose to 5.77 million.
BitMine Immersion Technologies has increased its holdings of 27,801 Ethereum (ETH) in the past week, reaching 5,770,038 ETH as of July 12. This position accounts for approximately 4.8% of Ethereum's current total circulation of 120.7 million pieces, which is 96% of the company's previously announced goal of "controlling 5% of Ethereum supply."
According to the latest financial report, based on a reference price of US$1,820 per piece, the value of BitMine's Ethereum position is approximately US$10.5 billion. In addition, the company holds 206 bitcoins (BTC),$482 million in cash and securities, as well as a $180 million investment in Beast Industries and a $69 million equity investment in Eightco Holdings. On a comprehensive basis, the total value of its cryptocurrency, cash, marketable securities and strategic investments reached US$11.3 billion, an increase from US$11.1 billion a week ago.
The pledge scale has climbed to 4.917 million ETH
BitMine has currently pledged 4,917,189 ETH units, accounting for approximately 85% of its total Ethereum inventory. Based on the company's reference price on July 12, these pledged assets are worth nearly US$9 billion. Based on an annualized rate of return of 2.70% in the past seven days, it is estimated that annual pledge revenue will reach US$242 million. If all Ethereum positions are pledged through BitMine's self-built MAVAN infrastructure and external partners, the annualized reward is expected to increase to approximately US$284 million.
MAVAN (full name "Made in America Verifier Network") was built specifically to manage BitMine's treasury assets and is currently being developed for institutional investors, custodians and other Ethereum holders. The total amount pledged this time increased from 4,879,157 ETH on June 28-at that time, BitMine had just increased its holdings of 27,084 ETH, bringing its total position to 5.7 million.
Continue to increase its holdings, targeting the 5% target
BitMine's weekly buying rate accelerated slightly compared with the previous reporting period, and the company continued to buy when the Ethereum price fell to the US$1,800 range. Chairman Tom Lee said: "We have maintained a stable pace of increasing holdings throughout 2026." BitMine is expected to achieve its goal of holding 5% of Ethereum supply in 2026.
After the company purchased 52,203 ETH in the week ending June 21, its total position reached 5,672,956 ETH. Although pledge income has become the main source of revenue on the balance sheet, there is still a large unrealized loss on this position relative to BitMine's estimated average cost.
On June 26, BitMine was included in the Russell 1000 Large-Cap Index. As of July 10, the average daily turnover of its shares in the past five trading days reached US$475 million.
