What to know:
- Bitmine acquired 9,946 ETH, increasing total holdings to 5,787,414 ETH.
- Approximately 85% of its Ethereum holdings are staked through its MAVAN infrastructure.
- Chairman Tom Lee said Bitmine has purchased ETH every week since launching its treasury strategy in June 2025.
- The company believes improving ETH market conditions and institutional staking demand continue to support its long-term treasury strategy.
Bitmine Immersion Technologies has expanded its Ethereum treasury with the purchase of 9,946 ETH over the past week, bringing its total holdings to 5,787,414 ETH, according to the company’s latest treasury update.
The announcement comes as institutional participation in Ethereum continues to increase, with staking, treasury management, and regulatory developments shaping corporate digital asset strategies.
Bitmine Increases Ethereum Treasury by 9,946 ETH
According to Bitmine’s official update, the newly acquired Ethereum raises its treasury to approximately 5.79 million ETH, representing around 4.8% of Ethereum’s circulating supply of 120.7 million ETH. The company also reported total crypto, cash, marketable securities, and other investments valued at $11.8 billion.
The company disclosed that 4,917,189 ETH, or roughly 85% of its holdings, are currently staked. Bitmine stated that staking operations are supported through MAVAN (Made in American Validator Network), its institutional-grade Ethereum staking platform launched earlier this year. The platform was initially built for Bitmine’s treasury but is expected to expand to institutional investors and ecosystem partners.
Also Read: Bitmine Nears 5% of Ethereum Supply as Crypto Treasury Hits $11.5 Billion
Chairman Highlights ETH Price Outlook and Share Buybacks
Bitmine Chairman Thomas “Tom” Lee linked the company’s continued treasury expansion to improving market conditions. He stated, “We acquired 9,946 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025.”
Lee also noted that the company repurchased 6.1 million shares during the past week, bringing total repurchases under its authorized $4 billion buyback program to 11.6 million shares since July 1.
According to Lee, the rising ETH/BTC ratio, despite uncertainty surrounding the proposed Clarity Act, reflects improving market strength for Ethereum.
In another statement, Lee added, “ETH prices are now reaching a 10-week high and… the next key levels to clear are $2,000 and $2,500 for ETH.” He attributed that technical outlook to Tom DeMark, founder of DeMark Analytics, whose market models suggest those price levels remain important near-term resistance.
Ethereum Staking Strategy Strengthens Institutional Position
Bitmine estimates its staked Ethereum could generate approximately $299 million in annualized staking rewards at scale, based on a reported 2.65% seven-day staking yield. Current projected annualized staking revenue stands at $254 million, according to the company.
This matters because institutional investors increasingly view Ethereum not only as a speculative asset but also as an income-generating digital infrastructure asset.
Large treasury holdings combined with staking rewards can provide recurring revenue while strengthening network participation. However, investors should recognize that staking yields fluctuate and remain subject to market, validator, and regulatory risks.
Regulatory Landscape May Shape Treasury Growth
Bitmine also referenced the GENIUS Act and the U.S. Securities and Exchange Commission’s Project Crypto initiative as developments that could improve the regulatory environment for digital assets.
While the company believes these policies could modernize financial markets, their long-term impact depends on regulatory implementation and legislative progress.
The broader significance extends beyond Bitmine itself. Public companies increasingly holding Ethereum create additional institutional demand and may influence liquidity, staking participation, and market perception.
At the same time, concentration of large ETH holdings among treasury companies remains closely watched by market participants because it could affect governance discussions, staking decentralization, and long-term supply dynamics.
Also Read: BitMine Earns $45.7M From Ethereum Staking as Revenue Jumps Over 22X
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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