Bitmine increased its ETH holdings by 52,203 coins last week, bringing its total holdings to 5.67 million coins.

BlockBeats News, June 22, Bitmine Immersion Technologies (NYSE: BMNR) announced its latest asset status. As of June 21, the company holds 5,672,956 ETH, 205 BTC, and approximately $6.01 billion in cash and equivalents, with a total asset size of around $10.7 billion.

The company's Chairman, Tom Lee, stated that Bitmine increased its ETH holdings by 52,203 ETH in the past week and will continue to maintain a stable accumulation pace until 2026. The current ETH held by Bitmine accounts for about 4.7% of the total Ethereum supply, positioning it as the world's largest Ethereum reserve institution.

Furthermore, Bitmine has already staked 4.719 million ETH, representing over 83% of its ETH holdings. Based on the current yield, the estimated annual staking income is around $223 million. Tom Lee mentioned that the company believes the crypto market is still in the early stages of the "crypto spring," where tokenization and AI development will drive continuous growth in blockchain demand.