BitMine ETH Holdings Surge 10,399 Units Last Week to 5.798 Million

BitMine added 10,399 ETH last week, reaching 5.798 million total. Staking yields $247M annually. Record share buybacks signal strong corporate treasury strategy.

Woofun AI reports that BitMine expanded its Ethereum reserves by 10,399 units during the previous week. As of August 2, 2026, the entity holds 5,797,813 ETH, representing roughly 4.8% of the total supply. The company’s total assets amount to approximately $11.3 billion, comprising $173 million in cash and securities, 209 Bitcoin, $180 million in Beast Industries shares, and a $61 million stake in Eightco Holdings’ ORBS tokens.

Additionally, BitMine has staked 4,917,189 ETH (85% of holdings), valued at $9.2 billion, generating an annualized yield of $247 million. Tom Lee noted that the firm repurchased 4.5 million shares this week, totaling 16.1 million since July 1, marking a record for crypto-related companies. He observed that historical data suggests BitMine’s stock often outperforms ETH in the month following significant ETH gains against QQQ.