The company has bolstered its ETH treasury, while Chairman Tom Lee highlighted the swift expansion of Robinhood Chain on Ethereum.
By Helene Braun|Edited by Stephen Alpher Jul 13, 2026, 2:04 p.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- BitMine has increased its Ethereum holdings to 5.77 million ETH, accounting for 4.8% of the total circulating supply.
- Approximately five million ETH are currently staked, and the company also possesses bitcoin, cash, and equity investments.
- Tom Lee noted that the early trading activities on Robinhood Chain demonstrate the expanding utility of Ethereum.
Last week, BitMine Immersion (BMNR) added to its Ethereum holdings, bringing the total to 5.77 million ether (ETH), which constitutes roughly 4.8% of Ethereum's circulating supply of 120.7 million tokens, as reported in a press release issued on Monday.
Nearly five million of these ETH are staked, allowing BitMine to earn rewards while maintaining one of the largest corporate Ethereum treasuries.
In addition to ether, BitMine's assets include 206 bitcoin BTC$62,338.14, a $180 million investment in Beast Industries, a $69 million stake in Eightco Holdings (ORBS), and around $482 million in cash and marketable securities.
Chairman Tom Lee emphasized the increasing activity on Ethereum's layer-2 networks as a significant factor driving the company's focus on ETH.
Lee remarked, "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. 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 utilizing Arbitrum (ARB) technology, designed to process transactions off the Ethereum blockchain before settling them, which aims to reduce costs and enhance transaction capacity while relying on Ethereum's security.
BMNR experienced a 3% decline on Monday, coinciding with a 2% drop in ETH, which is currently valued at $1,769.
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Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
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CEX trading volumes increased for the first time in five months in June, with spot trading rising 15.3% to $1.11T and RWA perpetual volumes reaching a record $311B.
By CoinDesk Research3 hours agoCEX trading volumes increased for the first time in five months in June, with spot trading rising 15.3% to $1.11T and RWA perpetual volumes reaching a record $311B.
Why it matters:
CEX trading volumes increased for the first time in five months in June, with spot trading rising 15.3% to $1.11T and RWA perpetual volumes reaching a record $311B.
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