Bitmine Immersion Technologies acquired 27,180 ETH last week, increasing its total holdings to 5,956,378 tokens. This amount represents approximately 4.9% of the total Ethereum supply, bringing the company closer to its goal of owning 5% of all tokens in circulation.
The company reports that its total assets, including crypto, cash, securities, and strategic investments, are valued at $15.8 billion. This portfolio includes 212 Bitcoin, $549 million in cash and securities, as well as stakes in Beast Industries and Eightco Holdings valued at $180 million and $98 million respectively.
Approximately 85% of the company's Ethereum, totaling 5.07 million ETH, is currently staked. This strategy generates a projected annualized revenue of $334 million based on a 2.62% yield. Bitmine noted that potential revenue could rise to $392 million if all holdings were staked through MAVAN and its partners.
Chairman Tom Lee stated that the firm has purchased Ethereum weekly since launching its treasury strategy on June 30, 2025. He highlighted that Ethereum has outperformed the S&P 500 by 5,866 basis points during the third quarter of 2026, positioning it as a top-performing macro asset alongside Solana and Bitcoin.
