TheBlock
Bitmine Immersion Technologies grew its Ethereum treasury to 6,051,933 ETH after buying 10,452 ETH over the past week, the company said Monday. At $2,356 per ETH, the holdings were worth roughly $14.3 billion as of Oct. 25, giving Bitmine ownership of 4.95% of Ethereum's 122.2 million ETH circulating supply.
Of that total, 5,227,037 ETH are staked through Bitmine's MAVAN platform and staking partners, about 86% of holdings. The company projects $318 million in annualized staking revenue at current levels, rising to as much as $368 million if fully staked. Beyond ether, Bitmine holds 215 BTC, a $180 million stake in Beast Industries, a $76 million investment in Eightco Holdings, and $514 million in cash and marketable securities, bringing total assets to $15 billion.
Why it matters
Bitmine is now the largest single corporate accumulator of ETH, and its staking-heavy structure turns the treasury into a yield-generating position rather than a static bet. Chairman Tom Lee reiterated that the "crypto bull market is underway," arguing ETH's 13% pullback from its recent peak shows it outperforming other risk-off sectors, noting the U.S. semiconductor sector fell 20% over the same period.
Market impact
The company also repurchased 2.04 million shares last week at an average $22.48, bringing 2025 buybacks to 22.9 million shares for $399.6 million at an average $17.48. Ether traded around $2,322 Monday, down 0.4% in 24 hours, while Bitmine shares closed Friday at $22.40. Watch whether staking yield of this scale keeps attracting institutional ETH demand even through price drawdowns.
Frequently asked questions
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How much ETH does Bitmine hold now?
Bitmine holds 6,051,933 ETH after acquiring 10,452 ETH over the past week, worth approximately $14.3 billion at $2,356 per ETH as of Oct. 25.
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What share of Ethereum's supply does Bitmine own?
Bitmine owns 4.95% of Ethereum's 122.2 million ETH circulating supply, making it one of the largest single corporate holders of ether.
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How much of Bitmine's ETH is staked?
5,227,037 ETH, about 86% of holdings, are staked through Bitmine's MAVAN platform and staking partners. The company projects $318 million in annualized staking revenue, up to $368 million if fully staked.
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What did Tom Lee say about the crypto market?
Bitmine chairman Tom Lee reiterated that the crypto bull market is underway, citing ETH's 13% pullback from its recent peak as evidence of outperformance versus other risk-off sectors, noting the U.S. semiconductor sector fell 20% over the same period.
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What share buybacks has Bitmine done in 2025?
Bitmine repurchased 22.9 million shares this year for $399.6 million at an average price of $17.48, including 2.04 million shares last week at an average $22.48.
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