Bitmine Immersion Technologies (NYSE: BMNR) has made a massive addition to its Ethereum treasury, purchasing 111,942 ETH over the past week. The acquisition brings the company’s total Ethereum holdings to 5,394,040 ETH, representing approximately 4.47% of the entire ETH supply (120.7 million tokens). This move reinforces Bitmine’s position as the world’s largest publicly disclosed Ethereum holder.
According to the latest disclosure, Bitmine’s combined crypto, cash, and equity assets now total $12.3 billion. Of the ETH holdings, around 4.71 million ETH (worth $10.1 billion at a price of $2,134 per ETH) are currently staked, primarily through its own institutional-grade validator network, MAVAN (Made in America VAlidator Network). The staking operation is generating an annualized yield of 2.75%, translating to projected annual revenues of $276 million.
Beyond Ethereum, the company holds 203 Bitcoin, a $200 million stake in Beast Industries, a $95 million stake in Eightco Holdings (NASDAQ: ORBS), and approximately $444 million in unsecured cash. Chairman Thomas “Tom” Lee emphasized the long‑term conviction behind the accumulation, citing a “supercycle ahead for crypto and Ethereum” driven by Wall Street tokenization and agentic AI, and noting that the recent ETH pullback below $2,200 presented an attractive buying opportunity. Bitmine aims to reach its “Alchemy of 5%” milestone—owning 5% of all ETH—later in 2026.
Bitmine’s stock, which uplisted to the New York Stock Exchange on April 9, 2026, has become one of the most widely traded names in the U.S., averaging $572 million in daily dollar volume. The company counts prominent investors such as ARK’s Cathie Wood, Pantera, Galaxy Digital, and Fundstrat’s Tom Lee among its backers. The scale of Bitmine’s ETH position gives its treasury decisions outsized influence on Ethereum market dynamics and underscores the growing trend of publicly traded corporations building substantial crypto treasuries.
