Bitmine Immersion Technologies has expanded its Ethereum treasury after acquiring nearly 51,000 ETH last week in a purchase valued at approximately 98 million dollars. The latest addition brings the firm’s total ether holdings to 4,473,587 tokens, reinforcing its position as the largest publicly known corporate holder of ETH.
At a reference price near 1,976 dollars per token, Bitmine’s ether allocation is valued at roughly 8.8 billion dollars. Including bitcoin holdings, cash reserves, and strategic equity investments, the company’s combined crypto and cash position now stands at approximately 9.9 billion dollars.
Chairman Tom Lee stated that the company remains focused on executing its long term treasury strategy despite ongoing market volatility. He described the current environment as a period of consolidation and emphasized steady accumulation alongside yield optimization through staking.
A substantial portion of Bitmine’s ether holdings is actively staked. The company disclosed that 3,040,483 ETH are currently deployed in staking operations, representing about 6 billion dollars in value at prevailing prices. Based on recent yield metrics of 2.86 percent over a seven day period, annualized staking revenue is estimated at 172 million dollars. At full scale deployment, projected annual rewards could reach 253 million dollars.
Bitmine’s ether position now accounts for approximately 3.71 percent of Ethereum’s total circulating supply of 120.7 million tokens. This concentration places the firm among the most influential treasury participants within the Ethereum ecosystem, particularly in staking based validation activity.
In addition to its ETH holdings, Bitmine owns 195 bitcoin and maintains 868 million dollars in cash. The company also holds a 200 million dollar stake in Beast Industries and a 14 million dollar investment in Eightco Holdings, broadening its digital asset and growth exposure.
The firm is developing its proprietary staking infrastructure known as the Made in America Validator Network, or MAVAN. The platform is scheduled for launch in early 2026 and is intended to provide institutional grade staking operations with enhanced security and operational control. Bitmine is currently collaborating with three external staking providers as part of the buildout.
The strategy reflects a broader trend of corporate treasury diversification into digital assets, particularly Ethereum, which supports decentralized finance applications, tokenization frameworks, and smart contract based financial infrastructure. By combining large scale accumulation with staking participation, Bitmine is positioning itself to generate recurring onchain revenue while maintaining long term asset exposure.
Market participants continue to monitor corporate crypto treasury activity as a signal of institutional conviction. Bitmine’s expanding ether allocation highlights sustained corporate confidence in Ethereum’s long term utility and staking economics.
