BitMine Immersion Technologies has increased its total ETH holdings to 4.285 million ETH after purchasing an additional 41,788 ETH over the past week, equivalent to approximately 3.55% of Ethereum’s circulating supply.
The company stated that the newly acquired ETH was purchased at an average reference price of around $2,317, valuing the entire ether stockpile at nearly $9.9 billion as of February 1st. BitMine’s total assets, including crypto, cash, and “moonshot” investments, amount to approximately $10.7 billion, of which $586 million is cash along with smaller holdings in Bitcoin and private companies.
BitMine’s ETH accumulation strategy is approaching its internal goal of owning 5% of the total circulating supply of ether. Last week alone, the company also announced a purchase of more than 40,000 ETH as part of expanding its reserve stockpile.
Alongside accumulation, BitMine is ramping up staking. The total amount of ETH staked has increased to about 2.9 million ETH, up nearly 900,000 ETH in just one week. At the current yield rate, the company estimates annualized staking revenue of approximately $188 million, and this figure could grow further as more assets are integrated into its internal validator network called MAVAN, which is expected to launch in early 2026.
CEO Thomas “Tom” Lee believes that the recent purchase reflects confidence that ETH’s current price does not fully reflect the network’s actual usage. According to him, the recent price correction opens opportunities to increase their position as fundamental factors continue to improve.
With its current holdings, BitMine remains the leading entity among global Ethereum treasury companies and ranks second among publicly listed companies holding digital assets, only behind Strategy Inc. However, BitMine’s market capitalization still falls short of the nominal value of the ETH it owns, amid recent stock price declines and the overall downward trend in the crypto market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH breaks through 2350 USDT
Gate News bot message, the Gate market shows that ETH has broken through 2350 USDT, current price is 2351.81 USDT.
CryptoRadar2h ago
Ethereum Korea Consortium Launches to Build Collaborative Blockchain Ecosystem
The Ethereum Korea Consortium launched on April 16 to shift South Korea's Ethereum focus from consumption to contributions, addressing challenges like market structure and regulatory issues. The initiative aims to enhance development and create a supportive ecosystem.
GateNews3h ago
Traditional Brokerage to Launch Spot Bitcoin and Ethereum Trading in Coming Weeks at 0.75% Fee
A traditional brokerage is set to launch spot cryptocurrency trading for retail clients, offering Bitcoin and Ethereum access. The service will include multiple trading platforms, a 0.75% fee, and additional crypto assets planned for the future, reflecting a trend of traditional finance entering the crypto space.
GateNews3h ago
ETH rises 0.65% in 15 minutes: spot buying led to net capital inflows
Between 2026-04-16 15:00 and 15:15 (UTC), the ETH price recorded a +0.65% return. The highest price in the range was 2330.16 USDT, while the lowest was 2308.58 USDT, with a swing of 0.93%. The short-term rally immediately drew market attention, increasing capital activity; volatility remained moderately elevated, characterized by strengthening spot buying power.
The main driving force behind this unusual move is that buy orders in the spot markets of major trading platforms continued to dominate. Within 15 minutes, the buy volume accounted for 58%–59%, and the total buy volume was about 2.2K–2.6K ETH
GateNews6h ago
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 16
Gate News message, according to the April 16 update, Bitcoin ETFs recorded a 1-day net inflow of +2,855 BTC (+$209.95M) and a 7-day net inflow of +11,849 BTC (+$871.52M). Ethereum ETFs showed a 1-day net inflow of +15,477 ETH (+$35.44M) and a 7-day net inflow of +90,366 ETH (+$206.94M). Solana ETFs
GateNews6h ago
Ethereum Foundation Announces ETH Rangers Project Results: Over $5.8M in Recovered or Frozen Assets
The Ethereum Foundation's ETH Rangers project has successfully completed, funding 17 researchers to enhance public security in the ecosystem. Achievements include recovering $5.8M in assets, identifying over 785 vulnerabilities, and developing several security tools.
GateNews7h ago
