Bitmine Acquires 60,999 ETH, Holdings Top 4.59M Tokens

TLDR

• Bitmine Immersion Technologies purchased 60,999 ETH last week to expand its treasury holdings.
• The company now holds 4,595,562 ETH valued at about $10 billion at recent prices.
• Bitmine said the latest purchase was worth nearly $140 million based on market rates.
• The firm has staked 3,040,515 ETH to generate yield from the Ethereum network.
• Bitmine reports about $180 million in annualized staking revenue from its locked tokens.

Bitmine Immersion Technologies reported a fresh ether purchase last week, expanding its crypto treasury. The company said it acquired 60,999 ETH and lifted total holdings to 4,595,562 ETH. The update confirmed holdings worth about $10 billion based on recent market prices.

Bitmine Expands Ethereum Treasury Holdings

Bitmine said the latest acquisition marked its largest ether purchase this year in token terms. The company valued the purchase at nearly $140 million at current prices. As a result, total ether holdings reached 4,595,562 ETH. The firm stated that this amount represents about 3.81% of Ether’s circulating supply.

The company also holds 196 bitcoin within its broader crypto treasury. In total, Bitmine values its combined crypto, cash, and strategic assets at about $11.5 billion as of March 15. The treasury includes $1.2 billion in cash reserves. Shares of Bitmine rose nearly 9% in pre-market trading as ether gained 8.4% over 24 hours.

Bitmine confirmed that it has staked 3,040,515 ETH to generate yield. The company said those assets represent roughly $6.6 billion, securing the Ethereum network. It reported a 2.81% seven-day staking yield. That rate stands slightly above the 2.79% Composite Ethereum Staking Rate.

The firm stated that staking currently generates about $180 million in annualized revenue. It expects potential annual staking revenue of $272 million once it locks more tokens. Bitmine works with three staking providers while preparing its MAVAN validator network. The company plans to launch the Made in America Validator Network in 2026.

Chairman Comments on Market Performance

Chairman Thomas “Tom” Lee addressed recent crypto performance in a company statement. He said, “Since the start of the Iran war, crypto prices have outperformed.” He also stated that “Ethereum has outperformed the S&P 500 by 2,450 basis points.” Lee linked higher oil prices to global growth concerns and investor positioning.

Bitmine continued its accumulation strategy through early 2026 with weekly purchases between 40,000 and 60,000 ETH. The company also bought 5,000 ETH directly from the Ethereum Foundation. It said the purchase supports the foundation’s development efforts. Bitmine increased its stake in Eightco Holdings by $80 million alongside its ether acquisition.

Eightco previously invested $50 million in OpenAI and $25 million in Beast Industries. Bitmine holds $83 million in Eightco shares and $200 million directly in Beast Industries. Fundstrat data shows Bitmine averages about $1 billion in daily trading volume. The stock ranks 105th among more than 5,700 U.S.-listed companies, behind Nike and ahead of Starbucks.

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