Bitmine Immersion, the largest Ethereum treasury company, stepped up its buying pace last week, purchasing 42,197 ether (ETH) as chairman Thomas Lee pointed to improving prospects for U.S. crypto legislation as a catalyst for the asset.
The latest purchase, worth roughly $74 million based on ether’s current price of around $1,750, lifted the company’s holdings to 5.74 million ETH.
The stash is now worth about $10 billion and represents 4.8% of Ethereum’s circulating supply, inching closer to the firm’s goal of cornering 5% of the asset’s supply.
The company also held 206 bitcoin, $527 million in cash and marketable securities, plus a $180 million stake in Beast Industries and $71 million in Eightco Holdings, bringing its total crypto, cash and investment holdings to $11.1 billion.
A portion of these holdings, 4,879,157 ETH valued at roughly $8.8 billion, are staked through Bitmine’s proprietary MAVAN (Made in American Validator Network) platform.
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BitMine provided its latest holdings update for July 6, 2026$11.1 billion in total crypto + “moonshots”:
– 5,742,237 ETH at $1,800 per ETH per ETH (per @coinbase)
– 206 Bitcoin (BTC)
– $180 million stake in Beast Industries @MrBeast
– $71 million stake in Eightco Holdings…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) July 6, 2026
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