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Blockchain Reporter

BitMine’s Ethereum Stash Hits 5.8M ETH as Weekly Accumulation Adds 10,399

The latest move by BitMine to add more than 10,000 ETH in a single week pushes the publicly traded company deeper into Ethereum’s supply. With a balance now approaching 5.8 million ETH, the firm controls roughly 4.8% of all coins in circulation.

Few non-exchange entities come close. BitMine disclosed the acquisition in a weekly update, according to the original report. The company purchased 10,399 ETH over the past seven days, bringing the total to 5,797,813 ETH.

It has allocated 4,917,189 ETH into staking, or about 85% of its holdings. At current yields, that staked position generates an estimated $247 million in annualized revenue.

Staking at Scale The staking ratio alone signals a concentrated bet on Ethereum’s proof-of-stake economics. BitMine is not simply accumulating; it is actively locking up coins, removing them from liquid supply.

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