Bitmine Adds 32,447 ETH as Ether Gains 30% in One Week

Bitmine Immersion Technologies continued its weekly ether purchases, adding 32,447 ETH to its treasury as the cryptocurrency surged 30% over the past week.

Treasury Growth and Market Share

After the purchase, Bitmine holds 5,847,611 ETH, valued at roughly $14.3 billion based on an ether price of $2,440. This represents about 4.8% of Ethereum’s estimated 120.7 million‑token supply, bringing the company close to its stated 5% target.

Staking Activity

Bitmine has staked 5,067,309 ETH, roughly 87% of its ether holdings, generating an annualized staking revenue estimate of $330 million. The company projects that full‑scale staking, including its Made in America Validator Network and external partners, could yield up to $381 million per year.

Leadership Perspective

Chairman Tom Lee noted that weekly gains of over 30% have historically preceded larger moves in ether, citing similar spikes in May 2025 and July 2021. He cautioned that past performance does not guarantee future results but highlighted improving financial conditions and broader tokenization trends as potential tailwinds.