Bitmine Expands Ethereum Holdings to 5.85M ETH, Treasury Value Hits $14.9B

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Bitmine’s value investing in crypto strategy continues as its Ethereum holdings rise to 5.85 million ETH, valued at $14.3 billion. The firm added 32,447 ETH last week, maintaining its weekly buying streak. Total assets now reach $14.9 billion, including Bitcoin and marketable securities. With 87% of ETH staked, the company earns $330 million annually. Its risk-to-reward ratio remains strong as it nears 97% of its 5% Ethereum supply target.

Bitmine Immersion Technologies has expanded its Ethereum treasury to 5.85 million ETH, worth about $14.3 billion. The company now controls roughly 4.8% of Ethereum’s circulating supply. Additionally, Bitmine added 32,447 ETH during the past week, extending its weekly buying streak.

The company’s broader holdings reached $14.9 billion, including Bitcoin, cash, marketable securities, and strategic investments. Consequently, Bitmine continues to strengthen its position as the world’s largest corporate Ethereum treasury.

ETH has also gained nearly 30% over seven days, reaching about $2,472. The sharp rally has increased the value of Bitmine’s holdings significantly. Moreover, Bitmine expects improving financial conditions to support further cryptocurrency demand.

Staking Adds Another Growth Engine

Bitmine has staked 5.07 million ETH, representing about 87% of its Ethereum holdings. Hence, staking now provides the company with another potential source of recurring revenue.

The company estimates annualized staking revenue at approximately $330 million. Its MAVAN validator network also aims to attract institutional investors seeking Ethereum staking infrastructure.

Significantly, Bitmine says its treasury represents 97% of its long-term 5% Ethereum ownership target. However, reaching that milestone will depend on continued accumulation and Ethereum’s supply dynamics.

Related: Strive Bitcoin Holdings Reach 21,356 BTC After Fresh $81.5 Million Buy

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