Bitmine Immersion Technologies has sharply increased its Ether acquisitions, adding nearly 61,000 ETH in one week-up from its recent weekly average of 45,000 to 50,000 tokens.
Chairman Tom Lee confirmed the company’s Ethereum holdings now total 4.596 million ETH, representing approximately 3.81% of Ether’s circulating supply. Combined crypto, cash, and investment assets stand at $11.5 billion.
About 66% of Bitmine’s ETH-3,040,515 tokens-are staked, valued at roughly $6.6 billion at $2,185 per ETH. The company projects $180 million in annualized staking revenue and plans to expand through its Made in America Validator Network (MAVAN), launching soon.
The latest haul includes a strategic 5,000 ETH over-the-counter purchase directly from the Ethereum Foundation, structured to fund the foundation’s operations without market disruption.
Bitmine’s aggressive accumulation stands out: among the top 20 corporate ETH treasuries, only four added holdings in the past 30 days. Bitmine alone acquired 269,824 ETH-far surpassing peers like Eightco and SharpLink.
The company also led a $75 million investment in Eightco’s recent $125 million funding round, with ARK Invest and Kraken’s parent Payward contributing $25 million each. Tom Lee joined Eightco’s board as part of the deal.
Globally, 30 public entities across seven countries hold about 6.6 million ETH-5.47% of total supply-valued near $15.4 billion. Ether traded around $2,342 following Monday’s news, up 11% in 24 hours despite a 21% year-to-date decline.