# BitMine Immersion Technologies Expands Ethereum Treasury to 6 Million ETH

- URL: https://stocks.freetheai.org/news/bitmine-immersion-technologies-expands-ethereum-treasury-to-6-million-eth-863418
- Published: 2026-10-12T10:49:00Z
- Category: crypto; sentiment: bullish; impact: medium
- Symbols: [NYSE:BMNR](https://stocks.freetheai.org/symbols/NYSE-BMNR), [BITSTAMP:ETHUSD](https://stocks.freetheai.org/symbols/BITSTAMP-ETHUSD), [NASDAQ:ORBS](https://stocks.freetheai.org/symbols/NASDAQ-ORBS)
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BitMine Immersion Technologies Inc (NYSE:BMNR) purchased 12,532 Ethereum tokens over the past week, expanding its total balance to 6.03 million ETH. The digital asset treasury is valued at approximately $15.3 billion based on an October 11 token price of $2,544. This acquisition brings the company's position to 4.9% of Ethereum's total circulating supply of 122.1 million tokens.

The enterprise has allocated 5.07 million ETH, or roughly 84% of its holdings, into staking arrangements through its Made in America Validator Network platform and other partners. Operating at a 2.61% seven-day yield, those staked assets are projected to generate $336 million in annualized income. Staking revenue could climb to $400 million if the full Ethereum reserve is staked. Alongside crypto, BitMine holds 214 Bitcoin, $612 million in cash and liquid securities, an $85 million position in Eightco Holdings Inc (NASDAQ:ORBS), and a $180 million stake in Beast Industries, bringing total portfolio assets to $16.2 billion.

Looking ahead, investors are observing the approach to the company's self-imposed threshold. Chairman Tom Lee previously indicated that BitMine plans to pause Ethereum purchases once its balance reaches 5% of total circulating supply. Market observers are also watching whether large corporate holdings can effectively diminish available market supply and bolster broader market stability.

## Key points

- BitMine Immersion Technologies Inc (NYSE:BMNR) acquired 12,532 ETH last week, raising its total holdings to 6.03 million ETH worth $15.3 billion.
- The corporate treasury now represents 4.9% of Ethereum's total circulating supply, nearing its 5% accumulation goal.
- Around 84% of the company's Ethereum is staked, producing an estimated $336 million in annual staking rewards.
- Total company assets reached $16.2 billion, including cash reserves, Bitcoin, and investments in Eightco Holdings Inc (NASDAQ:ORBS).
- Chairman Tom Lee stated the company intends to stop buying Ethereum once its holdings reach the 5% supply threshold.

## Questions and answers

### How much Ethereum does BitMine Immersion Technologies hold?

BitMine Immersion Technologies holds 6.03 million ETH, valued at approximately $15.3 billion. This represents roughly 4.9% of Ethereum's circulating supply.

### What is BitMine's target for Ethereum holdings?

BitMine aims to acquire 5% of Ethereum's total circulating supply. Chairman Tom Lee stated the company will stop purchasing ETH once it achieves this target.

### How much staking revenue does BitMine expect from its Ethereum?

BitMine currently estimates $336 million in annualized revenue from its 5.07 million staked ETH. Annual revenue could reach $400 million if its entire Ethereum treasury is staked.