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Bitmine adds ETH in latest purchases, lifting holdings to 5.54 million ETH

Bitmine adds ETH in latest purchases, lifting holdings to 5.54 million ETH

The company said it bought 126,971 ETH last week to reach 5,543,872 ETH, while blockchain trackers separately flagged a 75,000 ETH purchase via Kraken and FalconX as Ethereum traded near $1,600.

ETH

Fact Check
BitMine's own official X post (@BitMNR) directly confirms the core claim: 5,543,872 ETH, $247M cash, and equity stakes in Eightco Holdings and Beast Industries. The 126,971 ETH weekly addition and 5.54M ETH total are corroborated by Wu Blockchain. The claim's 'most of its Ether position staked' aligns with the reported 4.72M of 5.54M ETH staked. The only minor inaccuracy is BTC count: BitMine reports 203 BTC, while the claim states 204 BTC — a small discrepancy that does not affect the main thrust of the claim.
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Summary

BitMine Immersion Technologies said it added 126,971 ETH last week, lifting holdings to 5,543,872 ETH as of June 7, 2026, or about 4.59% of Ethereum's roughly 120.7 million supply and around 92% of its stated goal to hold 5% of supply, about 6 million ETH. Separately, blockchain trackers and prior reports cited additional or overlapping purchases, including a 75,000 ETH buy worth about $123 million routed through Kraken and FalconX over roughly eight hours, according to Lookonchain, and a 100,000 ETH purchase valued at about $163 million cited by Odaily and on-chain analyst Ember. BitMine said 4,718,677 ETH are staked, generating about $230 million in annualized yield, and that its crypto, cash and other investments total about $9.6 billion. The buying came during an ETH market pullback, with reports saying macro caution ahead of U.S. inflation data and weakness in broader risk assets kept Ethereum under pressure near the $1,600 area.

Terms & Concepts
  • ETH: Ethereum's native token used for transactions and network activity.
  • staked: Locked in a blockchain network to help support operations and earn potential rewards.
  • concentration risk: Risk arising when holdings are heavily concentrated in one asset or among a small number of holders.