Bitmine Immersion Technologies disclosed it acquired 101,901 ETH last week, lifting its total Ethereum holdings to 5.078 million tokens — approximately 4.21% of total ETH supply. The company's combined crypto and cash holdings now stand at $13.3 billion.
Of the 5.078 million ETH on the balance sheet, 3.7 million has been staked, worth roughly $8.8 billion at current prices, generating annualized staking revenue of approximately $264 million.
Why it matters
Bitmine's accumulation pace has been aggressive and the company is now among the largest single corporate holders of ETH. The staking component is the structurally significant piece: rather than sitting on a passive treasury, the ETH is earning network yield, turning the treasury into a revenue-generating position rather than a speculative one. The 4.21% supply figure puts Bitmine in territory where continued buying has a measurable impact on circulating supply dynamics.
Market impact
Large corporate ETH treasuries compress effective float and channel steady buying pressure into spot markets. With Bitmine staking the majority of its holdings, a meaningful share of its ETH is locked in validators and effectively removed from immediate sellable supply. The annualized $264M staking yield also sets a new benchmark for how publicly listed companies frame ETH as a productive corporate asset, not just a reserve.
Frequently asked questions
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How much ETH does Bitmine hold now?
Bitmine Immersion Technologies holds 5.078 million ETH after acquiring 101,901 tokens last week, according to the company.
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What percentage of total ETH supply does Bitmine own?
Bitmine's holdings represent approximately 4.21% of total ETH supply, making it one of the largest single corporate holders of Ethereum.
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How much of Bitmine's ETH is staked?
3.7 million of the 5.078 million ETH on Bitmine's balance sheet is staked, worth roughly $8.8 billion at current prices.
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What is Bitmine earning from staking?
The 3.7 million staked ETH generates approximately $264 million in annualized staking revenue, per the company's disclosure.
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What are Bitmine's total crypto and cash holdings?
Bitmine's combined crypto and cash holdings stand at $13.3 billion, with the bulk of that value concentrated in its staked and unstaked Ethereum positions.
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