BitMine Increases ETH Holdings by 126,971 Last Week, Total Position Reaches 5.54 Million

According to BlockBeats, BitMine increased Ethereum holdings by 126,971 tokens last week, bringing its total ETH position to 5,543,872 as of June 7, 2026, representing 4.59% of Ethereum's total supply. Tom Lee stated the company accelerated purchases from its usual weekly pace of approximately 26,000 tokens because current ETH price declines do not reflect Ethereum's ongoing fundamental improvements.

Of BitMine's total ETH holdings, 4,718,677 tokens are staked (over 85% of position), worth approximately $7.7 billion, generating estimated annual staking rewards of around $230 million.