Bitmine Buys 60,999 ETH, Boosts Treasury to $11.5B

• Bitmine purchased 60,999 ETH this week, raising total holdings to 4.59M ETH worth about $11.5B.
• Around 3.04M ETH is staked across its validators, generating about $180M in annualized rewards.
• The firm is nearing its 5% ETH supply target while expanding validator and equity investments.

Bitmine disclosed new Ethereum purchases this week, raising its crypto treasury while expanding staking operations and investment exposure. The company confirmed holdings of 4.59 million ETH and total assets of $11.5 billion. According to its update, the firm accelerated acquisitions recently as prices fluctuated and continued building its validator network toward a 2026 launch.

Ethereum Holdings Increase With New Purchases

Bitmine reported buying 60,999 Ethereum over the past week. This purchase exceeded its recent weekly average of 45,000 to 50,000 ETH. As a result, total Ethereum holdings reached 4,595,562 tokens. The company valued these holdings at about $2,185 per token.

According to Tom Lee, Bitmine increased its purchase pace over the past two weeks. He said the firm expects Ethereum to approach the final stage of a recent downturn. Meanwhile, the company stated its Ethereum reserves represent about 3.81% of total supply.

This equals over 76% of its internal 5% accumulation target. In addition to Ethereum, Bitmine holds 196 Bitcoin within its treasury. The firm also reported $1.2 billion in cash reserves.

Staking Operations And Validator Network Expansion

Bitmine continues expanding its staking infrastructure alongside treasury growth. The company reported 3,040,515 ETH currently staked across its validator systems. This figure represents about 66% of its total Ethereum holdings.

The staked assets are valued at approximately $6.6 billion. Annualized staking revenue stands at $180 million. However, projected rewards could reach $272 million at full operational scale.

The estimate reflects a seven-day yield of 2.81% from BMNR operations. Meanwhile, the Composite Ethereum Staking Rate administered by Quatrefoil stands at 2.79%. Bitmine’s yield slightly exceeds the broader benchmark. The company is also advancing its Made in America Validator Network, known as MAVAN, with three partners.

Moonshot Investments Expand Portfolio Scope

Alongside crypto accumulation, Bitmine increased its exposure to equity investments. The company added $80 million to its position in Eightco Holdings. This raised its total stake in Eightco to approximately $83 million.

According to the company, Eightco later invested $50 million in OpenAI. Additionally, Eightco purchased a $25 million stake in Beast Industries. Bitmine said this structure offers public investors indirect exposure to OpenAI.The company also noted that Eightco secured Cathie Wood and ARK Invest as strategic advisors. Separately, Bitmine acquired 5,000 ETH from the Ethereum Foundation. According to Lee, this transaction helped fund operations without open market sales.