Bitmine nears 5% of Ethereum supply with $11B ETH
7 Investments Bitmine holds 5.82M ETH (4.8% of supply), with 87% staked. ETH treasury is worth $11B, and total assets reach $11.4B. Projected annual staking revenue is $250M.
Bitmine Immersion Technologies has expanded its Ethereum holdings to 5,815,164 ETH, representing about 4.8% of the total ETH supply and approaching its 5% target. Last week, the company added 9,926 ETH, raising the value of its Ethereum treasury to approximately $11 billion. Of these holdings, 87%—over 5 million ETH—are staked, generating projected annualized staking revenues of $250 million. Bitmine’s total assets, including crypto, cash, and marketable securities, now stand at $11.4 billion. Additionally, Bitmine has reduced its weekly share buyback to 1.7 million shares, the lowest since the program began, with total repurchases since July reaching 20.8 million shares. The company’s aggressive ETH accumulation and staking, alongside its share buyback program, reflect strong confidence in Ethereum’s future growth and stability.
