- Bitmine added 45759 ETH in one week and lifted total holdings to 437,1497 ETH.
- The company now controls 3.62% of ETH supply and is targeting 5%.
- Staking 3,040,483 ETH brings in $176 million yearly with rewards projected at $252M.
Bitmine Immersion Technologies added 45,759 ETH in one week, lifting total holdings to 4,371,497 tokens. The purchase strengthens its status as the largest Ethereum treasury globally. The company now controls about 3.62% of Ethereum’s 120.7 million token supply. Combined with cash and other investments, total holdings stand at $9.6 billion.
Ethereum Accumulation Accelerates During Market Weakness
The latest purchase came as crypto markets showed weak sentiment. However, no major institutional failures have surfaced in this cycle. Market softness followed the October 10 price shock and broad deleveraging. Unlike 2018 and 2022, the downturn has not included collapses like FTX or Three Arrows Capital.
Bitmine views the correction as sentiment-driven rather than structural. As a result, the company is still acquiring Ethereum regardless of the short-term price moves. Management sees the pullback as an accumulation phase. The firm has moved 72% toward its target of acquiring 5% of total ETH supply.
At a valuation of $1,998 per token, Bitmine’s Ethereum position approaches $8.7 billion. The company holds 193 Bitcoin alongside its ETH stack. It also maintains $670 million in cash reserves. Additional investments include $200 million in Beast Industries and $17 million in Eightco Holdings.
Staking Operations Expand Ahead of MAVAN Launch
Beyond accumulation, Bitmine has staked 3,040,483 ETH. That figure equals roughly 69% of its total Ethereum holdings. The staked tokens carry a market value of about $6.1 billion. Annualized staking revenue stands at $176 million based on a 2.89% seven-day yield.
The Composite Ethereum Staking Rate administered by Quatrefoil stands at 2.84%. Bitmine’s staking yield slightly exceeds that benchmark. When all holdings are fully staked, projected annual rewards could reach $252 million. The company plans to deploy its Made in America Validator Network in early 2026.
MAVAN aims to provide a domestic staking infrastructure platform. Bitmine currently works with three staking providers ahead of the rollout. The validator network will anchor its long-term staking strategy.
Institutional Backing and Trading Liquidity Strengthen Position
Bitmine ranks second globally among crypto treasuries and leads Ethereum-focused holdings. The stock trades about $0.9 billion daily on a five-day average. That places BMNR 158th among 5,704 U.S.-listed stocks. Institutional supporters include ARK, Founders Fund, Pantera, Galaxy Digital, Kraken, DCG, and Bill Miller III.
The management has identified three structural drivers supporting Ethereum adoption. These include Wall Street tokenization, AI agent payment systems, and creator-focused Layer 2 standards. Conference discussions in Hong Kong reinforced those themes. Consequently, the company is maintaining its acquisition pace as markets navigate what it describes as a mini-winter.
