- BitMine acquired another 7,430 ETH, increasing its holdings to 5,777,468 ETH, about 4.8% of circulating supply.
- The company has staked roughly 85% of its Ethereum holdings through MAVAN and partner validators.
- BitMine continues its weekly Ethereum accumulation while balancing treasury growth with share repurchases.
BitMine Immersion Technologies said it acquired another 7,430 ETH during the past week, extending its Ethereum buying streak that began on June 30, 2025. According to the company, the purchase increased its holdings to 5,777,468 ETH, representing about 4.8% of Ethereum’s circulating supply, while total crypto, cash, and other investments reached $11.5 billion as of July 19, 2026.
Ethereum Holdings Continue To Grow
According to BitMine, the latest purchase came alongside a slower acquisition pace because the company also repurchased common shares. Chairman Tom Lee said BitMine bought approximately 5.5 million shares during the week at an average price of $15.6156 under its previously approved $4 billion buyback program.
Meanwhile, the company’s crypto portfolio includes 5,777,468 ETH, 207 Bitcoin, a $180 million stake in Beast Industries, and a $58 million investment in Eightco Holdings. Additionally, BitMine reported holding $385 million in cash and marketable securities.
Staking Strategy Expands Through MAVAN
BitMine has also expanded its staking activity. The company reported staking 4,917,189 ETH, equal to roughly 85% of its total Ethereum holdings and valued at about $9.2 billion using an ETH price of $1,879.
Furthermore, Lee said BitMine has staked more Ethereum than any other entity. He added that annualized staking revenue now stands at approximately $247 million based on a seven-day yield of 2.67%.
Earlier this year, BitMine launched the Made in American VAlidator Network, known as MAVAN. Initially, the platform supported the company’s Ethereum treasury. However, BitMine said MAVAN also plans to serve institutional investors, custodians, and ecosystem partners seeking staking infrastructure.
Treasury Strategy Remains Active
According to Lee, BitMine has purchased Ethereum every week since launching its ETH Treasury Strategy. He said the reduced buying pace reflected the company’s decision to allocate capital toward share repurchases during the same period.
Additionally, Lee said fully staking BitMine’s Ethereum holdings through MAVAN and partner validators could generate about $290 million in annualized staking rewards using the current seven-day yield. The company also released its latest chairman’s message on July 16, titled ETH Is the Cure for the Uncanny Valley of Wealth.