Bitmine Expands Ethereum Treasury to 4.47 Million ETH With $98 Million Purchase

Bitmine Immersion Technologies has increased its Ethereum holdings to 4.47 million ETH after acquiring nearly 51,000 additional tokens last week. The purchase, valued at approximately $98 million, brings the company’s combined crypto and cash holdings close to $9.9 billion.

At current market prices near $1,976 per ETH, Bitmine’s total Ethereum position represents about 3.71% of the network’s 120.7 million token supply. In addition to its ETH treasury, the firm holds 195 bitcoin, significant cash reserves, and strategic equity investments.

Ethereum Staking Strategy and Yield Outlook

The company has staked 3,040,483 ETH, valued at roughly $6 billion. Based on recent yields of 2.86% over the past seven days, annualized staking revenue is estimated at $172 million and could reach $253 million at full deployment.

Bitmine is also developing its Made in America Validator Network staking platform, scheduled for launch in early 2026 in collaboration with three staking providers, further reinforcing its long-term Ethereum treasury strategy.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.