Bitmine Lifts Ethereum Treasury to 5.85M ETH; Total Treasury Value Rises to $14.9B

Bitmine Immersion Technologies has increased its Ethereum treasury to 5.85 million ETH, valued at about $14.3 billion, giving the company an estimated 4.8% of Ethereum's circulating supply. The firm added 32,447 ETH over the past week, extending its streak of weekly purchases. Across the balance sheet, Bitmine said total treasury assets climbed to $14.9 billion, including Bitcoin, cash, marketable securities, and strategic investments. The company continues to position itself as the world's largest corporate holder of Ethereum. Ether has risen nearly 30% over the past seven days to around $2,472, boosting the marked-to-market value of Bitmine's holdings. The company also expects easing financial conditions to support additional demand for cryptocurrencies. Staking is emerging as a new earnings lever. Bitmine has staked 5.07 million ETH, or roughly 87% of its Ethereum holdings, and estimates annualized staking revenue at about $330 million. Its MAVAN validator network is designed to serve institutional investors seeking Ethereum staking infrastructure. Bitmine said its current Ethereum position represents 97% of its long-term goal to reach 5% ownership of Ethereum. Achieving that level will depend on continued accumulation and broader Ethereum supply dynamics. Disclaimer: The information in this article is provided for informational and educational purposes only and does not constitute financial advice. Coin Edition is not responsible for losses resulting from the use of any content, products, or services referenced. Readers should exercise caution before taking any action related to the company.