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BitMine says it holds 5.79 million ETH, or 4.8% of supply

BitMine says it holds 5.79 million ETH, or 4.8% of supply

BitMine said 85% of its Ether holdings are staked and projected about $299 million in annualized staking rewards, while highlighting Ether’s recent outperformance versus Bitcoin.

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Fact Check
BitMine's official PRNewswire release and official @BitMNR X post both confirm holdings of exactly 5,787,414 ETH equal to 4.8% of total ETH supply as of July 26/27, 2026, matching the '5.79 million ETH, or 4.8% of supply' claim. Staked ETH of 4,917,189 equals ~85% of total holdings (84.96%), confirming the '~85% staked' claim. The stated 'Alchemy of 5%' goal confirms the 'nears its stated goal of acquiring 5% of supply' claim. The '~$10 billion Ethereum treasury' is a reasonable approximation (ETH portion is ~$11.3B). The only unverified detail is the '9,946 ETH added in the past week' figure, which was not explicitly stated in the fetched releases but is not contradicted. All primary quantitative claims are corroborated by the issuer's own primary sources.
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Summary

BitMine Immersion Technologies said it now holds 5.79 million Ether, equal to about 4.8% of the cryptocurrency’s total supply, after buying nearly 10,000 ETH over the past week. The company said about 4.9 million ETH, or roughly 85% of its holdings, are staked through its validator operations and projected about $299 million in annualized staking rewards once all of its Ether is deployed across its staking infrastructure and partner validators. BitMine said its crypto holdings, cash and marketable securities totaled $11.8 billion as of July 26. Chairman Tom Lee said a rising ETH/BTC ratio at a three-month high pointed to strengthening momentum for Ether. The latest purchases come as ETH has gained about 2.4% over the past seven days while Bitcoin has fallen roughly 0.7%, according to CoinGecko data. BitMine said it has built the world’s largest corporate Ether treasury and trails only Strategy among public companies by the value of its digital asset holdings. Strategy, meanwhile, said Monday it raised $544.5 million through stock sales, repurchased $25 million of its STRC preferred shares, increased its US dollar reserve to $3.75 billion and maintained holdings of 843,775 BTC.

Terms & Concepts
  • staking: Committing crypto holdings to validator infrastructure to help secure a network in exchange for rewards.
  • validator operations: Systems that run network validators, which confirm transactions and support blockchain consensus.
  • ETH/BTC ratio: A measure of Ether’s price relative to Bitcoin, often used to gauge their comparative market strength.