Bitmine Immersion Technologies completed a landmark purchase last week, adding 60,999 Ethereum tokens to its reserves and lifting total ETH holdings to 4,595,562. This accumulation, equal to 3.81% of Ethereum’s circulating supply, reinforces Bitmine’s status as the single largest Ethereum treasury worldwide. Headquartered in the United States, Bitmine operates as a publicly traded digital assets firm, specializing in large-scale crypto treasury management and infrastructure development.
Bitmine Accelerates Weekly ETH Purchases
The most recent acquisition represents a significant acceleration for Bitmine, surpassing its previous weekly average of 45,000 to 50,000 ETH. Chairman Tom Lee shared that the firm intentionally increased its purchases over the past two weeks, citing macroeconomic volatility and a belief that Ethereum is exiting what he described as a “mini-crypto winter.”
In Lee’s assessment, “Since the start of the Iran war, crypto prices have outperformed and Ethereum has outperformed the S&P 500 by 2,450 basis points.” He described the performance gap as notable within just two weeks.
Bitmine has now reached over three-quarters of its public goal to control 5% of the global Ethereum supply. Lee explained the move as a proactive response to rising oil prices and concerns surrounding economic growth, indicating that the prevailing environment is motivating investors to favor growth-focused assets, including major tech stocks and digital currencies.
Staking Activities Drive Revenue Growth
Out of the company’s total ETH cache, 3,040,515 tokens are currently staked, reflecting about 66% of its overall holdings. This staked position is valued at $6.6 billion and presently generates $180 million in annualized staking revenue at a 2.81% yield. Plans are underway to debut MAVAN, Bitmine’s proprietary staking platform, which is expected to roll out in early 2026 to complement three active external staking providers.
Lee projected, “At scale, the ETH staking rewards is $272 million annually,” based on a current 2.81% yield across the platform.
Recently, Bitmine purchased 5,000 ETH directly from the Ethereum Foundation to support its operational needs and facilitate fundraising for the foundation without open market sales. Lee described this transaction as a demonstration of Bitmine’s commitment to the foundation’s objectives.
Alongside Ethereum and 196 Bitcoin, Bitmine’s total crypto and cash assets amounted to $11.5 billion as of March 15, 2026. This figure includes $1.2 billion in cash, a $200 million position in Beast Industries, and an $83 million stake in Eightco Holdings—categorized as “moonshot” investments designed to tap high-upside ventures.
Position and Activity in the Global Crypto Landscape
In addition to digital assets, Bitmine increased its Eightco Holdings stake by $80 million during the reporting period. Chairman Lee described Eightco’s ORBS as offering unique public market access to OpenAI, in anticipation of a future IPO.
Bitmine now holds the industry’s second-largest corporate crypto treasury, trailing only Strategy Inc., which has stockpiled 738,731 Bitcoin. With recent trading volume averaging $1 billion per day, Bitmine’s shares ranked 105th among more than 5,700 U.S.-listed equities, placing it just above Starbucks and just below Nike in terms of activity.
