Bitmine adds 27,180 ETH, bringing treasury to 5.96 million tokens

Bitmine Immersion Technologies increased its Ethereum position by 27,180 ETH during the past week, taking the company’s treasury to 5,956,378 ETH. At the price used by the firm ($2,513 per ETH), the holding is valued at nearly $15 billion, representing about 4.9% of Ethereum’s 122 million‑token supply.

Staking activity

Of the total ETH balance, 5,067,309 tokens have been staked, accounting for roughly 85% of the treasury. The company reported a seven‑day annualized staking yield of 2.62%, which would generate an estimated $334 million in annual staking revenue if the rate remained constant.

Broader portfolio

Bitmine’s overall portfolio, which includes cash, marketable securities and private investments, totals $15.8 billion. The non‑ETH assets disclosed are 212 BTC, $549 million in cash and marketable securities, a $180 million interest in Beast Industries, and a $98 million stake in Eightco Holdings.

Potential market catalysts

Chairman Tom Lee highlighted two possible drivers for a year‑end crypto rally: the upcoming U.S. Senate vote on the CLARITY Act, which seeks to create a federal market structure for digital assets, and renewed buying interest from Korean investors. Lee also noted that the four‑year crypto cycle may be approaching a bottom.

Analyst outlook

Capital‑markets adviser Tom DeMark said Ethereum’s price action in August showed a sideways pattern without a downside break and that a recent sharp rally could preview a forthcoming advance. Technical indicators placed resistance near $2,550, with mixed signals on buying pressure.