Bitmine Adds 9,587 Ether as Holdings Near Its 5% Supply Goal

Bitmine Immersion Technologies added 9,587 Ether (ETH) over the past week, bringing its holdings to 6,070,092 ETH, or 4.97% of supply, near its 5% target.

At 2 p.m. ET Nov. 8, Bitmine valued its Ether at $2,234 per token. The company’s stated supply figure was 122.2 million ETH.

The increase followed a purchase of 8,573 ETH the prior week, when Bitmine held 6,060,506 ETH. Chairman Thomas “Tom” Lee said the company has bought ETH every week since starting its Ether treasury strategy on June 30, 2025.

Bitmine had staked 5,227,037 ETH as of Nov. 8, unchanged from a week earlier. At $2,234 per ETH, that balance was worth about $11.7 billion. Lee projected $309 million in annualized staking rewards from the staked tokens, using a trailing seven-day annualized yield of 2.65%. He projected $359 million in annualized rewards if the company staked its full ETH position.

The company also held 216 Bitcoin (BTC), $475 million in cash and marketable securities, a $180 million stake in Beast Industries and a $75 million stake in Eightco Holdings. Bitmine valued its crypto assets, cash and securities, and other investments at about $14.3 billion.