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BitMine now holds over 4.24 million ETH after its latest purchase.
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The company controls roughly 3.5% of Ethereum’s circulating supply.
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Nearly half of its ETH holdings are already staked.
BitMine Continues Aggressive ETH Accumulation
Ethereum treasury company BitMine Immersion has expanded its holdings to more than 4.24 million ETH following a fresh purchase of 40,302 ETH.
At current prices, the company’s crypto and cash holdings total roughly $12.8 billion, making BitMine the largest Ethereum treasury holder globally.
Staking at Unprecedented Scale
Nearly 2.01 million ETH held by BitMine is now staked, representing close to half its total Ethereum position. Chairman Tom Lee said the firm’s staking operation could generate more than $370 million annually once fully deployed.
BitMine currently holds more ETH than any other corporate or institutional entity.
Institutional Strategy and Long-Term Goals
Backed by investors including Ark Invest, Founders Fund, and Galaxy Digital, BitMine aims to acquire up to 5% of Ethereum’s circulating supply. The company ranks second only to Michael Saylor’s Strategy among public crypto treasury firms.
Lee said recent discussions in Davos suggest Wall Street has broadly embraced crypto and views Ethereum as central to the convergence of traditional finance, digital assets, and AI.
