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BitMine Holdings Reach 5.79M ETH as Ethereum Trades at $1,880, Down 3.3% on Day

On-Chain Data Price Volatility

2026-07-28 11:34:59

BMNR-2.45%

ETH-1.45%

BTC-1.77%

BitMine Immersion Technologies' Ethereum holdings have reached 5.79 million ETH, bringing the crypto treasury firm close to its goal of owning 5% of the circulating supply, as ETH trades at $1,880, down 3.3% on the day. Chairman Tom Lee noted the ETH to BTC ratio reaching a three-month high, with the firm's combined crypto holdings, cash, and strategic investments totaling $11.8 billion. The firm also has approximately 4.92 million ETH staked through its MAVAN platform with projected annualized staking rewards of $299 million once fully deployed.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

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In-Depth Analysis

Bitmine Stock Rises 13% After $11.8 Billion Treasury Update

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