Bitmine Immersion Technologies added 101,901 <a class="ticker-mention" href="/en-US/token/eth">ETH</a> last week, bringing its total position to 5.078 million ETH — roughly 4.21% of the entire circulating supply. Combined crypto and cash holdings now stand at $13.3 billion, underscoring the scale of the company's commitment to Ethereum as a treasury asset.
The staking operation behind those holdings is equally significant: 3.7 million ETH, worth approximately $8.8 billion, is actively staked, generating an annualised revenue run-rate of around $264 million. That figure reframes Bitmine less as a speculative accumulator and more as a yield-generating institution with Ethereum at its core.
At 4.21% of supply, Bitmine's position gives it meaningful influence over staking dynamics and validator economics — a concentration worth watching as institutional ETH strategies mature.
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