Goal

Fortune

Million

Russell

Tom Lee

<ul>
 <li>Bitmine purchased 27,084 ETH, increasing total holdings to 5.7 million ETH, or about 4.7% of the total supply.</li>
 <li>More than 85% of Bitmine’s Ethereum holdings are staked, generating an annualized yield of 2.75%.</li>
 <li>The company joined the Russell 1000 Index while continuing its goal of accumulating 5% of Ethereum’s total supply.</li>
</ul>
<p>Bitmine Immersion Technologies <a href="https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-70-million-tokens-and-total-crypto-and-total-cash-holdings-of-9-8-billion-302812787.html" rel="noopener noreferrer nofollow">expanded</a> its Ethereum position again last week, purchasing 27,084 ETH and lifting total holdings to 5,700,040 ETH as of June 28. The acquisition came alongside the company's addition to the Russell 1000 Index, while Chairman Tom Lee said Bitmine continues targeting its "alchemy of 5%" objective during 2026.</p>
<h2 class="wp-block-heading" id="strong-eth-holdings-climb-after-latest-purchase-strong"><strong>ETH Holdings Climb After Latest Purchase</strong></h2>
<p>According to Bitmine, the latest purchase maintained the company's steady accumulation pace throughout 2026. The firm's Ethereum holdings now represent 4.7% of the total ETH supply of 120.7 million coins.</p>
<p>The company disclosed that its crypto, cash, marketable securities, and other investments totaled $9.8 billion. Besides Ethereum, <a href="https://cryptofrontnews.com/ethereum-treasury-strategy-powers-bitmine-inde/" rel="noopener noreferrer nofollow">Bitmine</a> holds 206 Bitcoin, a $180 million stake in Beast Industries, and a $74 million stake in Eightco Holdings.</p>
<p>Tom Lee said the company remains focused on long-term crypto adoption trends. He pointed to continued development of blockchain-based financial infrastructure and digital payment systems.</p>
<h2 class="wp-block-heading" id="strong-staking-activity-continues-to-expand-strong"><strong>Staking Activity Continues To Expand</strong></h2>
<p>As holdings increased, Bitmine also expanded its staking position. The company reported that 4,879,157 ETH is currently staked, representing more than 85% of total <a href="https://cryptofrontnews.com/early-ethereum-zkrollup-pioneer-loopring-dex-shuts-down-as-zkevms-overtake-its-design/" rel="noopener noreferrer nofollow">Ethereum</a> holdings.</p>
<p>At current prices, those staked assets are worth about $7.7 billion. According to Bitmine, its staking operations generated a 7-day annualized yield of 2.75%.</p>
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<p>The company projected annualized staking revenue of $211 million based on current operations. Furthermore, Lee stated that annual rewards could reach $246 million when all holdings become fully staked through MAVAN and staking partners.</p>
<h2 class="wp-block-heading" id="strong-russell-1000-addition-marks-key-week-strong"><strong>Russell 1000 Addition Marks Key Week</strong></h2>
<p>Alongside the ETH purchase, Bitmine joined the Russell 1000 Index on June 26 during the annual reconstitution process. <a href="https://cryptofrontnews.com/tom-lee-says-crypto-could-become-ais-biggest-follow-on-trade/" rel="noopener noreferrer nofollow">Tom Lee</a> said the inclusion could bring hundreds or even thousands of additional institutional investors to the company's shareholder base.</p>
<p>The week unfolded during a broader crypto market decline. Lee noted that Ethereum fell 8% during the period. However, he also highlighted developments including the launch of Ethlabs and a softer stance on stablecoins from the Bank of England.</p>
<p>Earlier this month, Bitmine also completed a preferred stock offering that generated approximately $273.8 million in net proceeds. Additionally, Fortune named the company to its Fortune 100 Crypto List on June 11.</p>
<p>The post <a href="https://cryptofrontnews.com/bitmine-buys-27084-eth-as-holdings-reach-5-7-million-nearing-5-supply-goal/" rel="noopener noreferrer nofollow">Bitmine Buys 27,084 ETH as Holdings Reach 5.7 Million Nearing 5% Supply Goal</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Bitmine Buys 27,084 ETH as Holdings Reach 5.7 Million Nearing 5% Supply Goal

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