Bitmine Adds 42,197 ETH as CLARITY Act Optimism Lifts Ethereum

Highlights:

• Bitmine bought 42,197 ETH, taking its holdings to 4.8% of the supply.
• Tom Lee linked ETH strength to stronger CLARITY Act expectations.
• Staked ETH could generate $235 million in annualized rewards.

The largest Ethereum treasury company, Bitmine Immersion Technologies, increased its Ethereum treasury last week after buying 42,197 ETH, worth about $74 million. The purchase lifted its total Ether balance to 5,742,237 ETH, according to the company’s latest update. The firm now controls 4.8% of Ethereum’s circulating supply, from a supply of 120.7 million ETH. Therefore, the company has reached about 95% of its long-term goal of holding 5% of all Ether.

At an ETH price of $1,800, the holdings carry a value of about $10.3 billion. The company also holds 206 Bitcoin, $527 million in cash and marketable securities, and two strategic investments. Those positions include a $180 million stake in Beast Industries and a $71 million stake in Eightco Holdings. Together, its crypto, cash, marketable securities, and investment positions totaled $11.1 billion. The company said the latest purchase topped the prior week, when it added 27,084 ETH.

According to data from Google Finance, Bitmine’s stock price has surged by over 4% to $15.02 following the announcement of the purchase. Since the beginning of the year, the firm’s shares have dropped by 52%.

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BitMine provided its latest holdings update for July 6, 2026

$11.1 billion in total crypto + "moonshots":
– 5,742,237 ETH at $1,800 per ETH per ETH (per @coinbase)
– 206 Bitcoin (BTC)
– $180 million stake in Beast Industries @MrBeast
– $71 million stake in Eightco Holdings…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) July 6, 2026

CLARITY Act Optimism Supports Ether Demand

Chairman Thomas Lee linked the recent strength in Ether to growing hopes around the CLARITY Act. The proposed U.S. crypto market structure bill has drawn fresh attention from investors in recent days. Lee said prediction markets placed the bill’s passage odds near 50%, the highest level in two weeks. In his view, clearer rules could help smart-contract platforms gain a larger role in payments and finance.

Moreover, Lee said Ethereum layer-2 networks already support USDC transactions linked to Shopify and Visa. Therefore, he argued that the recent rise in the ETH-to-Bitcoin ratio reflected stronger market expectations. Lee also repeated his view that the market has entered the early stages of a new crypto cycle. He said the company expects to reach its “alchemy of 5%” target during 2026.

BitMine Turns Most of Its Ethereum Treasury Into a Staking Income Source

The Ethereum buyer has also turned much of its treasury into a staking income source. As of July 5, it had staked 4,879,157 ETH through MAVAN and related partners. That amount equals about 85% of its Ether holdings. At $1,800 per ETH, the staked balance carried a value of about $8.8 billion.

The company reported a seven-day annualized staking yield of 2.68%. Based on that rate, current annualized staking revenue would reach about $235 million. Lee said annual rewards could rise to about $277 million if the full Ether treasury earns staking yield. 

MAVAN, which launched earlier this year, started as internal infrastructure for the company’s own holdings. However, the platform aims to serve institutions, custodians, and ecosystem partners over time. That plan gives the company another business line alongside its treasury strategy.

Bitmine also gained wider market visibility after joining the Russell 1000 large-cap index on June 26. Lee said the inclusion could attract hundreds, and possibly thousands, of new institutional shareholders. Meanwhile, Bitmine’s purchase contrasted with recent activity at Strategy, the largest digital-asset treasury company. Crypto2Community reported on Monday that Strategy sold 3,588 Bitcoin for roughly $216 million last week.