Bitmine Immersion Technologies has increased its Ethereum holdings to 4.87 million tokens, giving the company control over 4.04% of the total ether supply, according to a company statement released Monday.
The firm's Ethereum treasury is now valued at approximately $10.7 billion based on a price of $2,206 per ETH. This position makes Bitmine the largest corporate Ethereum treasury globally and the second-largest corporate crypto treasury overall, trailing only Strategy's Bitcoin position.
Bitmine's total holdings, which include crypto, cash, and other investments, reached $11.8 billion as of April 12. The company's recent accumulation includes 71,524 ETH purchased over the past week, marking its highest weekly buying pace since late December 2025.
Staking revenue and broader portfolio
Approximately 68% of Bitmine's Ethereum holdings, totaling 3.33 million ETH, is currently staked. This staking activity generates an estimated $212 million in annualized revenue, driven by a 2.89% seven-day yield.
Chairman Tom Lee attributed the recent performance of Ethereum to its utility in Wall Street tokenization and its necessity for agentic AI systems. Lee noted that ETH has outperformed the S&P 500 by 1,830 basis points since the start of the ongoing conflict in Iran.
Beyond its Ethereum position, Bitmine reported a diverse balance sheet including $719 million in cash and 198 Bitcoin. The company also holds a $200 million stake in Beast Industries and an $85 million stake in Eightco Holdings.
This expansion follows Bitmine's recent transition from the NYSE American to the New York Stock Exchange. The firm also recently launched the Made in America Validator Network, an institutional-grade staking platform.
