Bitmine Doubles Down on Ethereum Holdings with Latest Acquisition

Bitmine Immersion Technologies (NYSE:BMNR) continues to expand its Ethereum holdings. The company purchased 17,362 ETH last week, pushing its total to over 6 million tokens.

This buy brings Bitmine's total crypto assets to $17.2 billion in cash and marketable securities. Its current holdings are worth around $16.2 billion, accounting for approximately 4.9% of Ethereum's circulating supply.

Bitmine has been steadily increasing its ETH holdings since launching its treasury strategy on June 30, 2025. The company currently stakes over 5 million ETH through its MAVAN platform, with projected annual staking revenue reaching $358 million.