Grow

Million

Beast

Russell

<ul>
 <li>Bitmine acquired 42,197 ETH, raising total holdings to 5.74 million ETH, about 4.8% of Ethereum's circulating supply.</li>
 <li>Around 4.88 million ETH is staked through MAVAN, with Bitmine reporting a 2.68% annualized seven-day staking yield.</li>
 <li>Bitmine cited improving CLARITY Act odds and its Russell 1000 Index inclusion as key developments supporting growth.</li>
</ul>
<p>Bitmine Immersion Technologies <a href="https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-74-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-1-billion-302818093.html?tc=eml_cleartime" rel="noopener noreferrer nofollow">expanded</a> its Ethereum treasury after acquiring 42,197 ETH during the past week, bringing total holdings to 5,742,237 ETH as of July 5. The company said the position now represents about 4.8% of Ethereum's circulating supply, while its combined crypto, cash, securities, and other investments reached $11.1 billion.</p>
<h2 class="wp-block-heading" id="strong-ethereum-treasury-continues-to-grow-strong"><strong>Ethereum Treasury Continues To Grow</strong></h2>
<p>The latest purchase increased <a href="https://cryptofrontnews.com/bitmine-buys-27084-eth-as-holdings-reach-5-7-million-nearing-5-supply-goal/" rel="noopener noreferrer nofollow">Bitmine's</a> Ethereum holdings from the previous week as the company continued its accumulation strategy. According to Bitmine, it also holds 206 Bitcoin, alongside $527 million in cash and marketable securities.</p>
<p>Additionally, the company reported a $180 million stake in Beast Industries and a $71 million investment in Eightco Holdings. Together, those assets contributed to the company's $11.1 billion balance sheet.</p>
<p>Thomas "Tom" Lee, Bitmine's chairman, said the company maintained a steady pace of Ethereum purchases throughout 2026. He also said Bitmine expects to reach what it describes as the "alchemy of 5%" during the year.</p>
<h2 class="wp-block-heading" id="strong-staked-ethereum-nears-4-9-million-strong"><strong>Staked Ethereum Nears 4.9 Million</strong></h2>
<p>Meanwhile, Bitmine said 4,879,157 ETH, valued at about $8.8 billion using a price of $1,800 per coin, is currently staked. That amount represents roughly 85% of the company's total Ethereum holdings.</p>
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<p>The company added that much of the staking activity runs through <a href="https://cryptofrontnews.com/bitmine-launches-mavan-with-6-8b-in-staked-ethereum/" rel="noopener noreferrer nofollow">MAVAN</a>, its institutional-grade staking platform launched earlier this year. Bitmine originally developed the platform for its own treasury before expanding it for institutional clients and ecosystem partners.</p>
<p>According to Lee, Bitmine's staking operations generated a 2.68% annualized seven-day yield.</p>
<h2 class="wp-block-heading" id="strong-clarity-act-and-index-inclusion-highlighted-strong"><strong>CLARITY Act And Index Inclusion Highlighted</strong></h2>
<p>Separately, Lee pointed to improving market expectations surrounding the <a href="https://cryptofrontnews.com/clarity-act-faces-aug-7-senate-deadline-after-july-4-miss/" rel="noopener noreferrer nofollow">CLARITY Act</a>. He said prediction markets recently assigned about a 50% probability to the legislation's passage, the highest level in two weeks.</p>
<p>Bitmine also noted its recent addition to the Russell 1000 Index following the annual reconstitution on June 26. Furthermore, the company completed a preferred stock offering in June, generating approximately $273.8 million in net proceeds to support its broader operations.</p>
<p>The post <a href="https://cryptofrontnews.com/tom-lees-bitmine-acquires-42197-eth-holdings-reach-5-74-million/" rel="noopener noreferrer nofollow">Tom Lee’s Bitmine Acquires 42,197 ETH, Holdings Reach 5.74 Million</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>

Tom Lee’s Bitmine Acquires 42,197 ETH, Holdings Reach 5.74 Million

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