The world’s largest Ethereum treasury company continues to build its balance sheet. Bitmine Immersion Technologies (BMNR) acquired another 27,562 ETH worth $75.2 million last week, executed at an average price of around $2,727 per coin. The transaction brings its total holdings to 5,983,940 ETH, representing 4.9% of the 122.1 million circulating ETH supply and putting it within reach of its 5% corporate target.
Bitmine has purchased ETH every single week without interruption since pivoting to its crypto treasury strategy in June 2025. Of the total accumulated coins, roughly 5 million ETH or 85% of the portfolio has been locked on-chain through staking. Based on current yield rates, that staked position is projected to generate $357 million in annual passive income.
Shares Rise as Other Institutions Lag
Equity markets welcomed the latest purchase, with Bitmine shares jumping 5.8% in pre-market trading to extend an 8% rally since Friday’s close. The corporate stock’s strength moved in tandem with ETH surging to fresh highs not seen since late January.
Bitmine Chairman Tom Lee noted that the current environment shows many traditional institutions are falling far behind. He said fund managers were overly focused on buying artificial intelligence stocks earlier this year, leaving their crypto allocations underweight.
The performance divergence between the two asset classes has been stark since late June, with ETH surging 76% while the S&P 500 managed only a 2% gain. Given the wide performance gap, Lee projects institutions will aggressively seek assets to ramp up their exposure during the final three months of 2026.
Final Three Months to Be Decisive
Beyond price action, Lee pointed to the tokenization trend and the integration of blockchain infrastructure across the artificial intelligence ecosystem as the fundamental drivers behind his warning. Both technological pillars are expected to provide long-term catalysts for asset managers to continue boosting their crypto allocations.
For retail investors, Bitmine’s accumulation strategy illustrates the mechanics of corporate whales positioning ahead of the curve. By the time traditional fund managers deploy capital toward year-end, the ETH supply they chase will likely have already been secured by early movers. Reported via CoinDesk.
Also read: How Crypto Staking Works and Its Risks
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
