According to an announcement released on Monday, Bitmine Immersion Technologies (NYSE: BMNR) increased its holdings by 51,162 ETH last week, bringing the total to 4.42 million ETH, accounting for 3.66% of the total ETH supply.
At a price of $1,958 per ETH, the total value of ETH held by Bitmine is approximately $8.7 billion, solidifying its position as the “largest publicly traded company holding ETH” and ranking as the second-largest crypto reserve company in the world, after Strategy.
It is worth noting that Bitmine’s large-scale accumulation coincides with what Chairman Tom Lee calls a “mini crypto winter.” In a statement, he said:
Given the continued strength of Ethereum’s fundamentals, we believe this correction is attractive, so we have been steadily buying ETH. In our view, the current market price does not reflect ETH’s high utility and its role as the future financial backbone.
Tom Lee stated that despite short-term market pressure, ETH still has three major bullish factors continuing to ferment: the Wall Street tokenization wave, increasing reliance on smart contracts for AI applications, and the creator economy shifting toward blockchain-based verification methods.
Bitmine’s strategy is not simply “HODLing,” but pursuing asset productivity. Reports show that about 68.7% (approximately 3.04 million ETH) of the ETH held by the company has been staked.
With a staking yield of 2.89%, this staked asset could generate about $171 million in passive income annually for Bitmine. The company plans to launch its own “Made in America Validator Network (MAVAN)” infrastructure this quarter. Once all ETH is staked, the annualized yield could reach $249 million.
Tom Lee added that Bitmine has already partnered with three staking service providers to prepare for the MAVAN launch.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Iran strongly denies secret negotiations with the United States! The US-Iran conflict may escalate for a long time, Bitcoin breaks through $73,000, and Ethereum surpasses $2100
Iranian officials deny having contact with the United States to negotiate a ceasefire, calling it a "psychological warfare" and a lie. Reports indicate that Iran's intelligence agency had contacted the CIA through channels, but this was denied. Subsequently, international oil prices briefly rose and then fell back due to U.S. military plans to escort oil tankers. Additionally, the ongoing Middle East conflict continues to cause casualties and energy price hikes, with Bitcoin also rising to break through $73,000.
動區BlockTempo16m ago
ETH short-term increase reaches 2.38%: Macroeconomic safe-haven capital inflows and ETF institutional funds resonate to drive prices higher
On March 4, 2026, from 15:15 to 15:30 (UTC), ETH achieved a return of +2.38% within 15 minutes, with a price range of 2088.93-2144.2 USDT and an amplitude of 2.65%. Trading volume significantly increased in a short period, market attention heightened, volatility intensified, and funds rapidly flowed into mainstream assets, with short-term activity clearly rising.
The main drivers of this movement are the inflow of global macro risk-averse funds and continuous net inflows from ETF institutional investors. Escalating geopolitical conflicts in the Middle East have driven funds toward gold and cryptocurrencies, with ETH and BTC as the mainstream assets.
GateNews24m ago
Bitcoin, Ethereum, XRP Rally as ETF Inflows Hit $458M Amid Strait of Hormuz Crisis
Key Takeaways
Bitcoin jumps 3.5% as ETF inflows reach $458M
Ethereum climbs near $1,966 amid market rebound
XRP trades at $1.36 despite regional tensions
Crypto cap hits $2.33T during oil route crisis
ETF demand boosts BTC, ETH, and XRP prices
Crypto markets rebounded sharply as geopolitical t
CryptoBreaking46m ago
Over the past hour, the entire network has experienced liquidations exceeding $75 million, mainly short positions.
Odaily Planet Daily reports that Coinglass data shows that in the past 1 hour, the total liquidation across the network was $75.86 million, including $73.70 million in short positions and $2.15 million in long positions. Additionally, BTC liquidations reached $58.40 million, and ETH liquidations totaled $8.91 million.
GateNews1h ago
Bitcoin briefly breaks through $72,000, Ethereum approaches $2,100! The entire network experiences $420 million in liquidations as short positions are wiped out.
Bitcoin briefly surged past $72,000 to a new high at 22:20 before falling back to $71,600, an increase of over 6%. This rebound was driven by Middle Eastern geopolitical tensions and progress in US legislation, but uncertainties remain. The entire network experienced $420 million in liquidations, with both bulls and bears suffering losses.
動區BlockTempo1h ago
ETH Breaks Through 2100 USDT
Gate News bot message, Gate market display, ETH breaks through 2100 USDT, now priced at 2102.21 USDT.
CryptoRadar1h ago
