BitMine Immersion Technologies said its Ethereum holdings have reached 4.326 million tokens, representing roughly 3.6% of the total ETH supply, alongside total crypto and cash holdings of approximately $10 billion. The company reported $595 million in cash, additional Bitcoin holdings, and minority investments categorized as higher-risk assets.
The firm said nearly 2.9 million ETH are currently staked, positioning BitMine as one of the largest Ethereum staking participants globally. Management stated that staking operations are generating more than $200 million in annualized rewards, with plans to expand through its Made in America Validator Network, expected to launch in early 2026.
The disclosure highlights the growing role of corporate crypto treasuries as firms seek yield through staking and long-term asset accumulation. BitMine’s strategy also underscores increasing institutional participation in Ethereum infrastructure, even as ETH prices remain volatile and regulatory frameworks around crypto holdings continue to evolve.
