BitMine boosts Ethereum holdings to 5,700,040 ETH, about 4.7% of supply
BitMine said it added 27,084 ETH last week, keeping its treasury near a goal to hold 5% of circulating Ether by 2026, as Chairman Tom Lee linked Ether’s roughly 8% weekly drop to quarter-end “window dressing.”
ETH
Fact Check
BitMine's official PRNewswire press release dated June 29, 2026 confirms every element of the claim: holdings of 5,700,040 ETH equal to 4.7% of the 120.7 million ETH supply, 4,879,157 ETH staked (nearly 4.879 million), total crypto/cash/investments of $9.8 billion, and the company being 94% of the way to its 5% ('Alchemy of 5%') target. The BlockBeats flash independently corroborates the same figures while citing the press release.
Summary
BitMine said its Ethereum treasury grew by 27,084 ETH last week to 5,700,040 ETH as of June 28, equal to about 4.7% of Ethereum supply and 94% of its goal to hold 5% of circulating Ether by 2026. The company said 4.879 million ETH is staked, generating an annualized staking yield of about $211 million, and that its crypto assets, cash and other investments total about $9.8 billion. Chairman Tom Lee said Ether’s roughly 8% decline last week reflected quarter-end “window dressing,” while arguing the longer-term backdrop is improving.
Terms & Concepts
- window dressing: Quarter-end portfolio reshuffling by institutions to improve reported holdings or appearances.
- staked: Crypto committed to supporting network validation in exchange for rewards.
- staking yield: The return earned from locking tokens to help validate a blockchain network.