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Bitmine increased its holdings of 10,000 ETH units and now holds 4.8% of Ethereum's total supply, w

2026-07-28 12:39:01
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Bitmine added 10,000 ETH, accounting for 4.8% of Ethereum's total circulation.

Bitmine Immersion Technologies announced on Monday that after purchasing nearly 10,000 Ethereum units in the past week, it currently holds a total of 5.79 million ETH units, accounting for 4.8% of Ethereum's total circulation supply.

Bitmine's pledge business and positions

The company said that approximately 4.9 million ETH in its Ethereum reserves (85% of the total reserves) are currently being pledged through its verification nodes. Bitmine expects to generate approximately US$299 million in pledge rewards annually once its entire Ethereum balance is deployed on in-house and partner verification infrastructure.

As of July 26, Bitmine's total asset portfolio (including cryptocurrencies, cash and marketable securities) has reached US$11.8 billion.

Ethereum outperforms Bitcoin and corporate strategy

The background of the company's recent increase in holdings is that Ethereum has outperformed Bitcoin in the past week. According to CoinGecko data, Ethereum rose 2.4% during this period, while Bitcoin fell 0.7%.

Bitmine Chairman Tom Lee pointed out that the ETH/BTC ratio is rising and has reached a three-month high. He described this trend as a sign of increasing momentum in the Ethereum market.

Tom Lee emphasized that the ETH/BTC ratio is currently at a three-month high, reflecting the growing momentum of Ethereum.

Through this latest acquisition, Bitmine has built the world's largest Ethereum reserve under the corporate structure, ranking second only to Strategy in its total digital asset holdings among listed companies. Unlike Bitmine's strategy of focusing on increasing holdings, Strategy has recently suspended large-scale Bitcoin acquisitions.

Strategy's Financial Trends and Market Overview

On Monday, Strategy disclosed that it had raised $544.5 million through stock sales. The company also reported repurchasing $25 million in preferred stock and increasing its dollar reserves to $3.75 billion. Strategy still holds 843,775 bitcoins.

As momentum shifts between major digital assets, market analysts emphasize the importance of paying close attention to token correlations and structural price patterns such as breakthrough levels and resistance areas. In this context, some platforms are streamlining the asset diversification process, allowing investors to directly access real-world assets, including stocks of major U.S. companies and commodities such as gold and silver, through their wallets. By searching for the best market prices in real time, these platforms allow users to complete major stock transactions at preferential exchange rates in seconds without complex processes or intermediaries.

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