Key Takeaways
BlockchainReporter reports BitMine acquired 53,501 ETH, raising its holdings to 5,901,112 ether and total crypto, cash, and securities position to $15.6 billion.
According to BlockchainReporter, Nasdaq-listed Ethereum treasury company BitMine Immersion Technologies acquired 53,501 ETH over the past week, lifting its total holdings to 5,901,112 ether. This purchase brings its combined crypto, cash, and securities position to $15.6 billion, as stated in an August 31, 2026 announcement.
The purchase extends a 65-week buying streak, leaving BitMine holding 4.9% of Ethereum’s 120.7 million ETH supply and closing in on its 5% target. As of August 30, holdings included 5,901,112 ETH valued at $2,511 per coin using Coinbase pricing, 211 bitcoin, an $180 million stake in Beast Industries, an $81 million stake in Eightco Holdings, and $541 million in cash and marketable securities.
Chairman Thomas Lee attributed the accumulation to Ethereum’s performance and cited expected institutional crypto exposure late in 2026. Furthermore, 5,067,309 ETH, or roughly 86% of holdings, is staked through its institutional-grade platform MAVAN. BitMine reported a 7-day annualized staking yield of 2.63% and projected annualized staking revenue of about $335 million, potentially rising to $390 million if the full position is eventually staked.
Source & Fact-Check Note
This report is synthesized from coverage by BlockchainReporter. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at BlockchainReporter ↗
