{"id":184,"date":"2026-09-08T15:37:06","date_gmt":"2026-09-08T15:37:06","guid":{"rendered":"https:\/\/newzai.net\/?p=184"},"modified":"2026-09-08T15:37:06","modified_gmt":"2026-09-08T15:37:06","slug":"bitmine-expands-ethereum-treasury-by-70-million-now-holds-5-93-million-eth","status":"publish","type":"post","link":"https:\/\/newzai.net\/?p=184","title":{"rendered":"Bitmine Expands Ethereum Treasury by $70 Million, Now Holds 5.93 Million ETH"},"content":{"rendered":"<div class=\"aia-article-content\">\n<p>Bitmine, the digital asset firm led by Tom Lee, has expanded its Ethereum position with a fresh $70 million purchase. The company now holds a total of 5.93 million ETH, according to an official statement.<\/p>\n<h2>Bitmine\u2019s Growing Ethereum Stack<\/h2>\n<p>The latest acquisition brings Bitmine\u2019s holdings to roughly 4.9% of Ethereum\u2019s total supply. The firm says that most of its tokens are staked, allowing it to earn rewards on its substantial position.<\/p>\n<p>This move underscores Bitmine\u2019s continued confidence in Ethereum as a core part of its treasury strategy. By staking the majority of its ETH, the company generates additional yield while maintaining exposure to the asset\u2019s long-term value.<\/p>\n<h2>Details of the Purchase<\/h2>\n<p>While the announcement confirms the $70 million addition, it does not specify the exact price or timing of the transaction. The company\u2019s total holdings now stand at 5.93 million ETH, a figure that represents a significant share of the cryptocurrency\u2019s circulating supply.<\/p>\n<p>Bitmine\u2019s approach reflects a broader trend among institutional players who are increasingly using staking to put their digital assets to work. The firm\u2019s latest purchase reinforces its position as one of the largest known Ethereum holders.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitmine, the digital asset firm led by Tom Lee, has expanded its Ethereum position with a fresh $70 million purchase. The company now holds a total of 5.93 million ETH, according to an official statement. Bitmine\u2019s Growing Ethereum Stack The latest acquisition brings Bitmine\u2019s holdings to roughly 4.9% of Ethereum\u2019s total supply. The firm says [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitmine Expands Ethereum Treasury by $70 Million, Now Holds 5.93 Million ETH - newz ai<\/title>\n<meta name=\"description\" content=\"Bitmine, led by Tom Lee, adds $70 million in Ethereum, boosting its total holdings to 5.93 million ETH\u2014about 4.9% of the supply, mostly staked for rewards.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newzai.net\/?p=184\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitmine Expands Ethereum Treasury by $70 Million, Now Holds 5.93 Million ETH - 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