While Strategy Sells, BitMine Shops: $74M ETH Haul as Clarity Act Odds Climb 📈

Bitmine Immersion Technologies added $74 million worth of Ether ($ETH) to its treasury over the past week, bringing its total holdings to 5,742,237 ETH as of Sunday — an increase of 42,197 ETH since its prior weekly disclosure. The holdings were reported when $ETH was valued at approximately $1,759; the token has since risen to $1,792 at the time of publication. Bitmine's stack represents roughly 4.8% of the token's total supply of about 121 million $ETH. The latest acquisition follows a $43 million ETH purchase reported last week and pushes the value of Bitmine's treasury close to $10 billion at current prices.

In contrast, Strategy — one of the largest corporate holders of Bitcoin ($BTC) — sold $216 million worth of $BTC on Monday to fund its dividend payments, reducing its total holdings to 843,775 Bitcoin. Bitmine Chairman Tom Lee attributed his firm's continued buying to growing optimism around the Digital Asset Market Clarity (CLARITY) Act, currently under consideration in the US Senate. "Over the past few days, investors have become more optimistic about the passage of the Clarity Act with prediction markets now seeing approximately 50% probability, the highest odds in two weeks," Lee said in a statement. He added that "the rise in the $ETH/$BTC ratio in the past few days makes sense as markets start to see greater chances of Clarity Act passage" and called regulatory clarity "an important milestone" that could allow "smart contract platforms like ethereum to benefit."

Polymarket traders priced the odds of the bill's passage by the end of 2026 at approximately 48% as of Monday, up 4% from the prior week but down from a February high of around 82%. The CLARITY Act would expand the Commodity Futures Trading Commission's authority over digital assets and would require 60 votes in the Senate, where Republicans hold a slim majority. Republican lawmakers are pushing for a vote once the chamber returns from its state work period next week, though it remained unclear whether enough Democrats would support the legislation without ethics provisions.

Bitmine has staked 4,879,157 $ETH — nearly 85% of its holdings — generating projected annualized staking revenue of $235 million. Shares of Bitmine rose more than 5% shortly after Monday's market open to trade around $15.14, following the firm's recent addition to the Russell 1000 index. Lee said the index inclusion is "expected to add hundreds and possibly thousands of additional institutional investors as equity owners of BitMine." $ETH has gained more than 10% over the past week but remains about 65% below its all-time high of $4,946.