TL;DR
Bitmine purchased 12,535 ETH, increasing its holdings to 6,041,481 tokens, equivalent to 4.9% of Ethereum’s circulating supply.
The company has 5.06 million ETH staked, approximately 84% of its holdings, and estimates annualized revenue of $309 million.
Its total assets, including cryptocurrencies, cash, marketable securities, and other investments, reached $15.1 billion.
Bitmine Immersion Technologies acquired 12,535 ETH over the past week, bringing its Ethereum holdings to 6,041,481 tokens , according to the company’s latest financial update .
At a reference price of $2,365 per ETH, its holdings are currently valued at approximately $14.3 billion .
The company now controls 4.9% of the 122.1 million ETH in circulation , making it one of Ethereum’s largest corporate holders.
Bitmine also reported that its combined cryptocurrency holdings, cash, marketable securities, and other investments totaled $15.1 billion .
Bitmine Has 84% of Its ETH Staked
Of its total reserves, 5,067,309 ETH are staked , with an estimated value of $12 billion .
These assets account for approximately 84% of the company’s Ethereum holdings and are distributed between its MAVAN platform and other staking providers.
Bitmine estimates that this activity could generate $309 million in annual revenue under current conditions.
That projection would increase to $369 million annually if the company staked its entire ETH holdings.
Beyond Ethereum, its balance sheet includes 215 BTC , a $180 million stake in Beast Industries, and a $74 million investment in Eightco Holdings. The company also holds $582 million in cash and marketable securities .
Tom Lee Attributes Market Pressure to Reduced Risk Exposure
Bitmine Chairman Tom Lee said the recent declines in the crypto market are linked to investors reducing their exposure to risk .
He cited geopolitical tensions, rising bond yields, and concerns about AI funding and model safety as contributing factors.
Lee explained that cryptocurrencies are widely held by investors in the United States, South Korea, and Taiwan .
According to the chairman, when traders in those markets reduce their positions in risk assets, the resulting selling pressure also affects the cryptocurrency market .
