Bitmine Immersion Technologies raised its ether holdings to 4.474 million tokens, with over 3 million ETH staked, as the firm advances its validator network plans and reports $9.9 billion in total crypto and cash assets.
Bitmine Immersion Technologies increased its ether holdings to 4,473,587 ETH after purchasing nearly 51,000 tokens last week, bringing its total crypto and cash holdings to $9.9 billion. The company has 3,040,483 ETH staked, valued at about $6 billion, generating an estimated $172 million in annualized staking revenue, which could rise to $253 million at full scale based on a recent 2.86% yield. Bitmine’s ether position accounts for 3.71% of Ethereum’s 120.7 million token supply. In addition to its ETH holdings, the firm holds 195 bitcoin, $868 million in cash, a $200 million stake in Beast Industries, and a $14 million investment in Eightco Holdings. The company is also developing its Made in America Validator Network staking platform, targeted for launch in early 2026 in partnership with three staking providers.