Bitmine significantly expanded its Ethereum position, increasing its treasury to about 5,77 million ETH. The move consolidates the company as the largest corporate holder of the cryptocurrency, with a stake equivalent to approximately 4,8% of the total supply.
Considering the recent average price of US$ 1.820 per unit, the accumulated amount exceeds US$ 10 billion. As a result, the company also takes a prominent position in the overall ranking of cryptocurrency treasuries, behind only Strategy, which maintains a large reserve in bitcoin.
The most recent growth came with the addition of 27.801 ETH in just one week. This progress puts Bitmine very close to its strategic goal, known internally as “5% alchemy,” which seeks to reach 5% of all Ethereum supply in circulation.
The company's chairman, Tom Lee, highlighted that the pace of acquisitions remains accelerated and pointed to factors that reinforce the network's utility. Among them is the launch of the Robinhood Chain mainnet, which expands the practical use of Ethereum in everyday digital life.
"Robinhood's 27 million users are paying fees in cryptocurrencies denominated in ETH," said Lee. "In other words, ordinary users are starting to see ETH as money."
Meanwhile, the price of Ethereum saw a slight correction in the last 24 hours, trading close to US$ 1.766. Even so, the asset still remains far from its all-time high recorded in August 2025.
Another relevant point is the staking strategy adopted by Bitmine. About 4,92 million ETH, more than 85% of its reserves, are allocated in this model. The recent yield is around 2,70% in seven days, with an annual projection that may exceed US$ 240 million.
In addition to Ethereum, the company also maintains exposure to other assets, including bitcoin, equity stakes, and a significant reserve in cash and bonds. This diversification reinforces the long-term strategy based on expanding the use of cryptocurrencies and generating revenue from validation infrastructure.