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- Bitmine now holds more than 5.7 million ETH after another major purchase.
- Nearly 4.9 million ETH is staked, creating potential long-term revenue.
- Russell 1000 inclusion could increase institutional exposure to Bitmine.
Bitmine is strengthening its position as one of the largest corporate holders of Ethereum after purchasing another 27,084 ETH last week. The latest acquisition pushed the company’s total Ethereum treasury above 5.7 million ETH, highlighting growing institutional interest in digital assets despite recent market pressure.
The Ethereum-focused treasury firm also gained attention after joining the Russell 1000 index, a move expected to increase visibility among traditional investors. While crypto markets have faced volatility, Bitmine continues to build its ETH position and bet on long-term growth in the Ethereum ecosystem.
Bitmine Expands Ethereum Treasury With Fresh Purchase
In its latest update, Bitmine confirmed that it added 27,084 ETH to its holdings over the past week. The company now controls more than 5.7 million ETH, representing roughly 4.7% of Ethereum’s total supply.
A major portion of these holdings has been placed into staking. Bitmine has staked nearly 4.9 million ETH, valued at approximately $7.7 billion based on current market prices. The company says this strategy allows it to generate staking income while maintaining exposure to Ethereum’s future growth.
Bitmine Chairman Tom Lee said the firm believes the crypto market is entering a new growth phase and expects to reach what it describes as the “5%” milestone in 2026, referring to a larger share of Ethereum supply ownership.
Russell 1000 Listing Boosts Institutional Visibility
The company’s Ethereum accumulation comes alongside its inclusion in the Russell 1000 index following the latest annual rebalancing. The listing could help introduce Bitmine to a broader group of institutional investors.
Lee said the move may bring hundreds or even thousands of additional investors into the company’s shareholder base. For a crypto treasury company, greater exposure through traditional financial markets could provide a new path for institutional participation.
The company also estimates that its staked Ethereum could generate around $211 million in annualized staking revenue. Recent staking performance showed a 7-day annualized yield of about 2.75%.
Ethereum Faces Market Pressure but Corporate Demand Continues
The announcement arrives after a difficult period for crypto investors. Ethereum recently declined by around 8%, while broader market uncertainty pushed some investors to reduce exposure to weaker-performing assets.
However, Bitmine highlighted several developments supporting Ethereum’s long-term outlook, including new ecosystem initiatives and changing attitudes toward stablecoin regulation from major financial authorities.
Also Read: Ripple’s RLUSD Hits Major Milestone as XRP Ledger Surpasses Ethereum Supply — What Happens Next?
Following the recent decline, Ethereum has shown signs of recovery, approaching the key $1,600 price area. Bitmine’s BMNR stock also moved higher after the purchase announcement, opening nearly 2% up near $14, although shares remained lower over the previous week.
Bitmine’s continued Ethereum purchases show how corporate crypto strategies are evolving beyond simple asset holding. With millions of ETH staked and increased exposure through the Russell 1000, the company is positioning itself as a major player in institutional Ethereum adoption. However, market volatility remains a key factor as investors watch whether this long-term strategy delivers results.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
