Bitmine purchased nearly 10,000 ETH over the past week, raising its Ether holdings to 5.79 million ETH. About 85% of the holdings, or roughly 4.9 million ETH, are staked through validator operations. The company projected annualized staking rewards of $299 million once all assets are deployed across its staking infrastructure and partner validators. As of July 26, Bitmine’s crypto holdings, cash and marketable securities totaled $11.8 billion. ETH outperformed Bitcoin in the previous seven days, gaining 2.4% while Bitcoin fell 0.7%, according to CoinGecko data. Bitmine chairman Tom Lee said the rising ETH/BTC ratio, which reached a three‑month high, indicated strengthening momentum for Ether. The firm’s Ether holdings represent about 4.8% of the total cryptocurrency supply. Bitmine’s strategy has diverged from that of Strategy, which paused Bitcoin purchases in recent weeks. Strategy recently raised $544.5 million through stock sales, repurchased $25 million of preferred shares and increased its US dollar reserve to $3.75 billion while holding 843,775 BTC. The continued Ether accumulation highlights Bitmine’s focus on staking yields as the asset outperforms Bitcoin.