TLDR
- BitMine now holds 4.42M ETH, about 3.66% of circulating supply.
- 3.04M ETH are staked, generating annualized rewards for BitMine.
- Buterin sold 1,869 ETH as Ether price fell to $1,928.
- BitMine’s total crypto, cash, and stakes reach $9.6 billion.
BitMine Immersion Technologies has increased its Ethereum holdings to 4,422,659 ETH. The company now controls roughly 3.66% of the total circulating supply. The move comes during a period of lower market activity and price decline from 2025 peaks.
The company’s total portfolio, including crypto, cash, and other investments, is valued at about $9.6 billion. Tom Lee, Chairman of BitMine, said, “Our focus continues to be on methodically executing our treasury strategy and steadily acquiring ETH.”
This expansion places BitMine among the largest institutional holders of Ethereum worldwide. The acquisition of an additional 51,162 ETH contrasts with broader sell-side pressure observed in the market.
Staking strategy and yield generation
Out of BitMine’s total Ethereum stack, 3.04 million ETH are staked. Staking provides annualized rewards and allows the company to earn yield while holding the digital asset.
The strategy shows that BitMine continues to maintain a long-term approach to Ethereum. Tom Lee added, “We are optimizing the yield on our ETH holdings while steadily accumulating the asset.” This approach highlights the company’s combined focus on both asset growth and passive income.
The staking process helps secure the Ethereum network while allowing holders to generate consistent returns. BitMine’s large stake also reinforces its active participation in Ethereum’s ecosystem.
Vitalik Buterin reduces personal ETH holdings
Ethereum co-founder Vitalik Buterin has sold portions of his ETH holdings in recent weeks. He sold 1,869 ETH worth about $3.7 million as Ether fell to $1,928. Previously, he sold 6,958 ETH, which coincided with Ether’s drop from $2,360 to $1,825.
Despite these sales, Buterin still holds over 224,106 ETH, valued near $430.85 million at current prices. He also withdrew 16,384 ETH earlier to fund projects supporting software, privacy, and ecosystem resilience. On-chain data from Lookonchain confirmed these sales and ongoing activity from the co-founder.
The contrasting moves between BitMine’s accumulation and Buterin’s sales have drawn attention from traders and analysts. This period shows how institutional strategies and personal decisions can diverge in the cryptocurrency market.
Diverse holdings and financial position
In addition to Ethereum, BitMine holds 193 Bitcoin and $691 million in cash. The company also has a $200 million stake in Beast Industries and a $17 million stake in Nasdaq-listed Eightco Holdings (ORBS).
The portfolio structure shows a combination of liquid cash, major crypto holdings, and strategic investments in other companies. This mix allows BitMine to maintain flexibility while continuing to expand its Ethereum treasury.
BitMine’s recent purchases signal a strong institutional interest in Ethereum. The company continues to accumulate ETH while maintaining a focus on yield, staking, and portfolio growth.
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