The world's largest corporate Ethereum whale, Bitmine Immersion Technologies, has revealed its hand and disclosed financial reserves worth $11.5 billion. Its treasury currently holds 5,777,468 ETH — a colossal 4.8% of the coin's total global supply of 120.7 million ETH.
According to an announcement published Monday, Bitmine Immersion Technologies now holds 5.78 million ether tokens, pushing its total crypto, cash, and equity stake holdings to $11.5 billion. The Norwalk, Connecticut-based ethereum (ETH) treasury company disclosed the figures in its weekly shareholder update. Bitmine's ether position now represents 4.8% of the total 120.
BitMine added 7,430 ETH, lifting its Ethereum holdings to 5.78 million while staking 85% of its treasury and buying back 5.5 million shares.
Bitmine now holds 5.77M ETH worth over $11B, controlling 4.8% of Ethereum's circulating supply as Tom Lee pushes toward a 6M ETH target. Bitmine acquires 7,430 Ethereum, raising total holdings to 5.77M ETH.
The company added just 7,430 ETH, worth about $14 million, last week as it nears its goal to corner 5% of Ethereum's supply.
Ethereum holds above $1,825 and gains strength against Bitcoin, keeping a breakout toward $2,500 and broader altcoin gains in play.
Grayscale plans quarterly cash payouts from ETH and SOL staking rewards through ETHE and GSOL, with changes expected around August 7, 2026.
Ethereum price has held above $1,850 as strong spot ETF inflows countered risk-off pressure from renewed U.S.-Iran hostilities and volatile oil prices. According to data from crypto.news, Ethereum (ETH) traded near $1,865 at press time, down about 0.
Claims and unstaking are already closed, leaving liquid balances one final bridge route to Ethereum before 6:00 AM UTC on July 21.
Ethereum has successfully breached a significant resistance barrier around $1,820, with the cryptocurrency now changing hands at $1,867.98. Daily trading volume has reached $6.63 billion, while the network's market capitalization stands at $225.48 billion.
BitMine Immersion Technologies said it is doubling down on its Ethereum (ETH) treasury strategy, arguing that ETH could serve as a critical buffer against economic instability in the AI era—an unusually expansive thesis that ties the network's role in finance to broader societal anxieties about machine-driven wealth creation.
Ethereum spot ETFs saw $105 million in net inflows last week, the strongest since April, as BlackRock's ETHA drives institutional demand after an eight-week Ethereum spot ETFs record $105M in net inflows last week, best performance since April.