BitMine increased its holdings by 27,801 ETH last week, bringing the total to approximately 5.77 million ETH.

Foresight News reports that BitMine increased its holdings by 27,801 Ethereum last week. As of July 12, 2026, its total Ethereum holdings have reached 5,770,038, accounting for approximately 4.8% of Ethereum's total supply. Currently, BitMine's total value of cryptocurrencies, cash, and other investment assets is about $11.3 billion, including $482 million in cash and marketable securities, 206 Bitcoin, $180 million in Beast Industries equity assets, and a $69 million investment in Eightco Holdings (ORBS). In addition, its staked Ethereum has increased to 4,917,189 (85% of its total holdings), valued at roughly $9 billion, and the current annualized staking yield is approximately $242 million.

Tom Lee stated that Robinhood Chain's L2 mainnet officially launched on July 1, built on Arbitrum. Since its launch, trading volume has exceeded $1 billion, making it the largest decentralized exchange by trading volume, and demonstrating the utility of Ethereum as the underlying chain. He pointed out that Robinhood Chain uses ETH as its native gas token, transaction fees are denominated in ETH and are finally settled on Ethereum. Robinhood's 27 million users are paying on-chain fees with ETH, and regular users are gradually beginning to regard ETH as currency.