
BitMine Immersion Technologies’ latest disclosure confirms ownership of over 4.42 million ETH, reflecting continued large-scale accumulation despite market volatility and significant valuation losses.
BitMine Immersion Technologies has revealed in its latest filing that it controls 4.423 million ETH, representing roughly 3.66% of Ethereum’s circulating supply. The company recently added 51,162 ETH to its holdings, maintaining its strategy of aggressive accumulation despite enduring more than $8 billion in valuation losses from past market downturns. BitMine is staking over 3 million ETH, generating $171 million annually, and retains 193 BTC alongside substantial cash and equity positions. Chairman Thomas Lee reaffirmed plans to pursue the goal of holding 5% of Ethereum’s total supply.