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ETH Bitmine continues to increase its holdings in Ethereum
Bitmine Immersion Technologies increased its holdings by 27,801 ETH during the latest reporting period, bringing its total position to 5,770,038 ETH. The company's total holdings of crypto assets, cash, marketable securities and strategic investments have reached US$11.3 billion. Currently, the company has pledged 4,917,189 ETH items through its MAVAN platform, accounting for approximately 85% of its total ETH positions. Bitmine now owns approximately 4.8% of Ethereum's circulating supply and says it has achieved 96% of its long-term goal of holding 5% of all ETH.
Bitmine continues its buying momentum for Ethereum
According to the company's financial update report released on July 13, Bitmine Immersion Technologies once again expanded its Ethereum reserves, purchasing 27,801 ETH during the latest reporting period, bringing its total position to 5,770,038 ETH. Based on the latest data, Bitmine currently controls approximately 4.8% of Ethereum's 120.7 million circulating supply, bringing it closer to its stated goal of holding 5% of all ETH-a milestone the company calls the "alchemy of 5%."
Total position value rose to US$11.3 billion
Bitmine reported that as of July 12, its total crypto assets, cash, marketable securities and strategic investments reached US$11.3 billion. According to the company's disclosure, the portfolio includes: 5,770,038 ETH;206 BTC;$482 million in cash and marketable securities;$180 million in an investment in Beast Industries; and $69 million in a stake in Eightco Holdings (Nasdaq: ORBS). Compared with previous weekly disclosures, the latest financial updates show that digital asset holdings and related financial assets continue to grow.
The number of Ethereum pledged is close to 4.92 million
Bitmine also reported that it has pledged 4,917,189 ETH units through its "Made in America Verifier Network" platform and cooperating verifiers. The pledged balance accounts for approximately 85% of the company's Ethereum reserves and is worth approximately US$9 billion based on an ETH reference price of US$1,820. Based on Bitmine's reported seven-day pledge yield of 2.70%, annualized pledge revenue is currently expected to be approximately US$242 million, indicating that pledges are becoming an increasingly important source of recurring income in addition to reserve appreciation.
Recent Company News
In addition to expanding its Ethereum holdings, Bitmine has achieved a number of important corporate milestones in recent weeks, including: its inclusion in the Russell 1000 Large-Cap Index on June 26, 2026; its Series A preferred stock listing on the New York Stock Exchange; and continued support from institutions such as ARK, Founders Fund, Pantera, Galaxy Digital, Kraken, DCG, Miller Bill III and Tom Lee. The company believes that inclusion in the Russell 1000 Index could expand the shareholding of passive investment funds and institutional investors who track the benchmark.
Comparison with previous financial updates
The latest purchase continues Bitmine's strategy of steadily increasing its holdings of Ethereum throughout July. Compared with previous updates: On July 6, Bitmine purchased 42,197 ETH, increasing its position to 5.74 million ETH; on July 8, the company announced that it would purchase another 40,000 ETH; on July 10, its reserves increased by another 20,500 ETH; on July 13, it purchased another 27,801 ETH, increasing its position to 5.77 million ETH. In these four updates, Bitmine has increased its holdings of more than 130,000 ETH units, while the value of pledged assets and overall reserves has steadily increased.
ETH Price Dynamics
As of press time (12:29 UTC), Ethereum was trading at US$1,778.89, down 1.72% in the past seven days. The market value of the cryptocurrency is approximately US$214.68 billion, with a 24-hour trading volume of US$9.21 billion. The circulation supply of Ethereum is still 120.68 million pieces. 
ETH Price Chart
Although Ethereum prices have fallen over the past week, Bitmine's latest financial updates indicate that the company continues to expand its long-term Ethereum position while increasing pledge participation and maintaining one of the largest publicly disclosed Ethereum reserves among a listed company.
