Bitmine Accelerates Ethereum Buying, Now Holds 4.87 Million ETH Worth $10.7 Billion

Bitmine Immersion Technologies has reached 4.87 million ETH worth approximately $10.7 billion.

This represents 4.04% of the total circulating supply, 81% of the way to its 5% goal.

@coindesk

Bitmine bought 71,524 ETH in the past week, the highest pace since December 2025.

Chairman Tom Lee called ether the wartime store of value, noting a 17.4% gain since the Iran war began.

Bitmine has staked 3.33 million ETH, generating $212 million in annualized staking revenue.

Total holdings, including cash and equity moonshots, stand at $11.8 billion.

Bitmine has staked 3,334,637 ETH, representing 68% of its holdings.

This generates $212 million in annualized staking revenue at a 7-day yield of 2.89%.

@coindesk

Bitmine projects total annual staking rewards of $310 million when fully staked.

The company officially launched MAVAN, an institutional-grade staking platform.

MAVAN is designed with a focus on security, performance, and operational resilience.

Bitmine plans to expand MAVAN to serve institutional investors and ecosystem partners.

Bitmine's total holdings include $719 million in cash.

“Bitmine disclosed Monday that its ethereum holdings reached 4,874,858 ETH, crossing 4% of the total coin supply, as the Las Vegas-based company reported combined crypto, cash, and equity stakes totaling $11”

Bitcoin News

It holds a $200 million stake in Beast Industries and an $85 million position in Eightco Holdings.

Eightco is described as one of the only publicly listed equities giving exposure to OpenAI.

The company uplisted to the New York Stock Exchange on April 9.

Average daily dollar volume is $747 million, ranking 117th among U.S.-listed stocks.

Institutional backers include ARK's Cathie Wood, Founders Fund, Pantera, Kraken, Galaxy Digital, and Lee.

Tom Lee framed Ethereum as a play on institutional adoption and AI infrastructure.

Bitmine ranks as the largest corporate ether treasury in the world.

bloomingbit

It is the second-largest crypto treasury overall behind Strategy's 766,970 BTC.

BMNR stock is down 32% year-to-date.

The company expanded its share repurchase authorization from $1 billion to $4 billion.

This is one of the largest buyback programs announced in 2026.