Bitmine Immersion Technologies (BMNR) announced on Monday that it purchased nearly 51,000 additional ETH tokens last week, bringing its holdings to 4.474 million.
“In the midst of this ‘mini crypto winter,’ we continue to focus on methodically executing our treasury strategy and steadily acquiring ETH and, therefore, maximizing the return on our ETH holdings,” said President Tom Lee.
The company said it now has 3,040,483 ETH, worth around $6 billion at current prices. Lee said the annualized revenue from staking is $172 million. At full scale, staking rewards could reach $253 million per year based on a 2.86% return over the past seven days, Lee continued.
The company holds 4,473,587 ether (ETH), valued at $1,976 per token, along with 195 bitcoin and $868 million in cash, as well as a $200 million stake in Beast Industries and a $14 million investment in Eightco Holdings. Bitmine said its ether position represents 3.71% of Ethereum’s 120.7 million tokens.
Lee added that the company is developing its Made in America Validator Network, or MAVAN, a staking platform scheduled to launch in early 2026. Bitmine said it is working with three staking providers to build the network.
