Bitmine Immersion Technologies Holds 4.4M Ethereum Tokens Worth $8.5B
- Bitmine Immersion Technologies, led by Thomas “Tom” Lee, holds 4.4 million Ethereum coins valued at approximately $8.5 billion.
- The company’s stake represents about 3.7% of Ethereum’s circulating supply, with a goal to reach 5%.
- Over 3 million ETH are staked, generating $171 million in annualized staking revenue.
- Bitmine’s staking solution, MAVAN, is expected to launch in Q1 2026.
- Besides ETH holdings, Bitmine has 193 BTC and $691 million in cash.
Bitmine Immersion Technologies continues its disciplined accumulation of Ethereum, holding a significant portion of the cryptocurrency’s supply and generating substantial staking revenue while expanding its strategic investments.
Source (3.2)https://cryptobriefing.com/ethereum-treasury-bitmine-holds-eth/?rand=59535
