The company expanded its ETH treasury while Chairman Tom Lee pointed to Robinhood Chain's rapid growth on Ethereum.
By Helene Braun|Edited by Stephen Alpher Jul 13, 2026, 2:04 p.m. 1 min readMake preferred on Share this articleMake preferred on
- BitMine increased its Ethereum treasury to 5.77 million ETH, or 4.8% of the token's circulating supply.
- Nearly five million ETH are staked, with the company also holding bitcoin, cash and equity investments.
- Tom Lee said Robinhood Chain's early trading activity highlights Ethereum's growing utility.
BitMine Immersion (BMNR) added to its Ethereum treasury last week, bringing its total holdings to 5.77 million ether (ETH), or about 4.8% of Ethereum's circulating supply of 120.7 million tokens, according to a Monday press release.
The company said nearly five million of its ETH holdings are staked, allowing it to earn staking rewards while maintaining one of the largest corporate Ethereum treasuries.
Beyond ether, BitMine's balance sheet includes 206 bitcoin BTC$64,770.16, a $180 million stake in Beast Industries, a $69 million stake in Eightco Holdings (ORBS) and about $482 million in cash and marketable securities.
Chairman Tom Lee pointed to growing activity on Ethereum's layer-2 networks as a key reason for the company's continued focus on ETH.
"One of the biggest crypto success stories in 2026 is the breakaway success of the Robinhood Chain L2 mainnet on July 1, built on Arbitrum," Lee said in the release. "Already, dollar volumes have exceeded $1 billion, and Robinhood Chain now has more trading volume than any other decentralized exchange (DEX), demonstrating the outstanding utility and product market fit for Ethereum, which is the underlying chain."
Robinhood Chain is a layer-2 network built with Arbitrum (ARB) technology that processes transactions off Ethereum before settling them on the main blockchain. The design aims to lower costs and increase transaction capacity while relying on Ethereum for security.
BMNR is down 3% Monday as ETH slips 2% over the past 24 hours to $1,769.
Ethereum NewsRelated AssetsBitcoin$64,770.161.29%
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