Bitmine keeps buying Ether as ETH outperforms BitcoinThe company added nearly 10,000 ETH over the past week, bringing its holdings to 5.79 million Ether, about 85% of which is staked through its validator operations.
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Bitmine Immersion Technologies has increased its Ether holdings by nearly 10,000 ETH over the past week, bringing its total to 5.79 million ETH, which represents about 4.8% of the total supply of Ether. Approximately 85% of these holdings, or around 4.9 million ETH, are staked through Bitmine’s validator operations. The company expects annualized staking rewards of about $299 million once all its Ether is fully deployed across its staking infrastructure and partner validators. Bitmine’s total assets, including crypto holdings, cash, and marketable securities, amounted to $11.8 billion as of July 26, 2026.
The decision to increase Ether purchases coincides with a recent period of Ether outperforming Bitcoin. Over the last seven days, Ether gained approximately 2.4%, while Bitcoin’s value declined by roughly 0.7%, according to CoinGecko data cited by Bitmine. Bitmine Chairman Tom Lee noted that the ETH/BTC ratio has reached a three-month high, indicating growing momentum for Ether relative to Bitcoin.
Bitmine is recognized for having the world's largest corporate Ether treasury, second only to Strategy among public companies by digital asset value. Despite this, Bitmine’s current accumulation strategy has diverged from Strategy’s approach. Unlike Bitmine, Strategy stopped purchasing Bitcoin recently but remains significant with 843,775 BTC holdings and has been focused on increasing its US dollar reserves through stock sales and repurchasing preferred shares.
The article highlights these developments as significant because they reflect institutional confidence in Ether’s performance and staking potential, contrasting with changes in Bitcoin accumulation strategies. Bitmine’s growing investment in Ether and its extensive staking operations emphasize the company's strategic commitment to this digital asset amidst shifting market trends.