Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Currencies38970
Market Cap$ 2.74T+0.98%
24h Spot Volume$ 32.37B-5.41%
DominanceBTC57.69%-0.03%ETH10.88%+0.38%
ETH Gas0.05 Gwei
MarketEthereumEthereum (ETH)BitMine
Aug 31, 2026
< 1min read
byWhitney Nyantune
forCoinEdition
BitMine Immersion Technologies bought 53,501 ETH, extending a 65-week buying streak and bringing holdings to about 5.90 million ETH, roughly 4.9% of Ethereum’s supply and within 0.1 percentage point of its 5% treasury target. The Connecticut firm values combined crypto, cash and equity at about $15.6 billion, has ~5.07 million ETH staked (~$12.7B), reported a seven-day annualized staking yield of 2.63% and estimates full staking could generate roughly $390 million annually, highlighting continued accumulation, staking rewards and on‑chain exposure.
See what traders are focused on
BitMine Immersion Technologies bought another 53,501 Ether, extending its weekly buying streak to 65 weeks and bringing its total holdings to about 5.90 million ETH.
The Connecticut-based company said in a disclosure that it now holds roughly 4.9% of Ethereum’s total supply, putting it within 0.1 percentage point of its 5% treasury target.
BitMine Nears 5% Ethereum Target
BitMine valued its combined cryptocurrency, cash and equity holdings at about $15.6 billion. About 5.07 million ETH, worth roughly $12.7 billion, is currently staked, allowing the company to earn staking rewards.
BitMine reported an annualized staking yield of 2.63% over seven days. If all of its eligible Ethereum were staked, the company estimates it could generate about $390 million in annual rewards.
Tom Lee B…
Source: cryptorank.io