# Bitmine Amasses 5.7 Million ETH

> The corporate treasury giant acquired 27,084 ETH last week, putting it 94% of the way to its target of holding 5% of all supply.

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2026-06-29
**Categories:** institutional, staking, treasury
**URL:** https://ethdaily.io/bitmine-amasses-57-million-eth

## Content

Bitmine Immersion Technologies purchased an additional 27,084 ETH, pushing its total holdings to 5,700,040 ETH. It's treasury now represents 4.7% of the total circulating ETH supply of 120.7 million, bringing the company 94% of the way to its target of owning 5% of all circulating ETH since passing its 5 million ETH milestone. Bitmine has actively staked 4,879,157 ETH, representing $7.7 billion in assets, via its Made in America Validator Network (MAVAN) platform, which we track in our corporate ETH treasuries tracker. Bitmine was officially added to the Russell 1000 Large-cap Index on June 26, 2026. Chairman Tom Lee expressed strong conviction in Ethereum's long-term trajectory, pointing to legacy Wall Street migration onto public database rails and the rise of agentic payments. Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created

## Publication Information

- [ETH Daily](https://ethdaily.io/): Publication homepage
- [All Posts](https://ethdaily.io/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@ethdaily): Subscribe to updates
- [Twitter](https://twitter.com/intent/follow?screen_name=ethdaily): Follow on Twitter