Bitmine Immersion Technologies announced it now holds 5.79 million Ether, representing about 4.8% of the entire circulating supply, after acquiring nearly 10,000 ETH over the past week. This aggressive accumulation solidifies Bitmine’s position as one of the largest corporate holders of Ether globally.
Strategic staking and projected rewards
The company reported that approximately 4.9 million of its ETH holdings, equating to nearly 85%, are actively staked through its validator operations. Bitmine expects to generate about $299 million in annualized staking rewards once it fully deploys its Ether holdings across its proprietary infrastructure and partner validators.
Its combined digital asset portfolio, along with cash and marketable securities, stood at $11.8 billion as of July 26. The latest purchases reflect Bitmine’s ongoing strategy of reinforcing its treasury with significant amounts of Ether.
Chairman Tom Lee noted that the ETH/BTC ratio had climbed to a three-month high, signifying growing confidence in Ether against Bitcoin. He pointed to recent price action as evidence of ETH’s strengthening momentum.
Tom Lee emphasized the strategic importance of the current ETH/BTC ratio, suggesting that Ether’s momentum is increasing as it outperforms Bitcoin in the short term.
Over the past week, ETH posted a 2.4% gain, while Bitcoin recorded a loss of about 0.7%, according to CoinGecko data.
Comparison with other corporate treasuries
Bitmine’s Ether holdings make up the largest corporate Ether treasury, surpassed only by Strategy among public companies in terms of total digital asset value. Unlike Strategy, which has paused Bitcoin purchases recently, Bitmine continues to acquire substantial amounts of ETH.
Strategy reported on Monday that it had raised $544.5 million through stock sales, conducted a $25 million buyback of its STRC preferred shares, and boosted its dollar reserves to $3.75 billion. The company continues to hold 843,775 Bitcoin in its portfolio.
Emerging trends in asset tokenization
In the context of growing institutional adoption and digital asset innovation, platforms such as 1stepSwap are introducing new ways for investors to access a wide range of financial assets. By enabling users to transfer real-world assets—including shares of large US companies as well as gold and silver—directly onto the blockchain, 1stepSwap eliminates complex procedures and third-party intermediaries. The platform’s technology finds the most favorable prices in real time, allowing investors to diversify their portfolios efficiently through their wallets.
Industry analysts are closely watching how continued accumulation by major corporations and the integration of real-world assets onto blockchain platforms may shape the future dynamics of the digital asset ecosystem.
