BitMine Immersion Technologies has added another 15,112 Ether, worth about $41 million, to its treasury. That brings the company’s total holdings to just over 6,016,000 Ether, or about 4.9% of Ethereum’s reported 122.1 million token supply. Its stated goal of owning 5% of all Ethereum now looks within reach.
Since June 2025, the company says it has been buying Ether every week as part of its treasury plan. What makes the strategy more than a passive balance-sheet bet is staking: 5,067,309 Ethereum, about 84% of holdings, is already staked through MAVAN and staking partners. Based on a 2.63% 7-day annualized yield, the company projects current annualized staking revenue of $363 million.
The main watchpoint now is whether BitMine reaches that 5% target and how shifts in Ethereum yield or staking levels could affect the economics.