BitMine Immersion Technologies, a publicly traded digital asset treasury firm linked to investor Tom Lee, has reported total crypto, cash, and “moonshots” holdingsBitMine Immersion Technologies, a publicly traded digital asset treasury firm linked to investor Tom Lee, has reported total crypto, cash, and “moonshots” holdings

BitMine Reports 4.285M ETH Holdings, Expands Staked Position With Massive Reward Outlook

BitMine Immersion Technologies, a publicly traded digital asset treasury firm linked to investor Tom Lee, has reported total crypto, cash, and “moonshots” holdings of $10.7 billion, anchored by one of the largest Ethereum treasury positions in the market.

In a February 2 announcement, the company said it now holds 4,285,125 ETH, valued at roughly $2,317 per token, alongside 193 BTC, $586 million in cash, and strategic equity stakes including a $200 million investment in Beast Industries.

BitMine’s ETH holdings represent approximately 3.55% of Ethereum’s total supply, putting the firm more than 70% of the way toward its stated goal of acquiring 5% of ETH — what it calls the “Alchemy of 5%” — in just six months.

Staked ETH Position Nears $6.7B With MAVAN Launch Ahead

BitMine also continues to expand its staking footprint. As of February 1, the company reported total staked ETH of 2,897,459, worth about $6.7 billion, an increase of nearly 888,000 ETH over the past week.

Executive Chairman Tom Lee said BitMine has now staked more ETH than any other entity globally. At full scale, the company estimates staking rewards could reach $374 million annually, or more than $1 million per day, based on a composite Ethereum staking rate of 2.81% CESR.

The firm is preparing to launch its staking infrastructure initiative — the Made in America Validator Network (MAVAN) — in early 2026, with multiple staking providers currently involved as partners ahead of deployment.

Tom Lee: ETH Price Weakness Not Reflecting Fundamentals

Lee argued that Ethereum’s recent price decline from around $3,000 to $2,300 has occurred despite strong network fundamentals.

He pointed to Ethereum daily transactions hitting an all-time high of 2.5 million, while active addresses climbed to roughly 1 million per day in 2026.

“Non-fundamental factors are arguably more the factors explaining the weakness in ETH prices,” Lee said, citing subdued leverage conditions and rising precious metals prices pulling risk appetite away from crypto.

BitMine acquired 41,788 ETH over the past week, viewing the pullback as an attractive entry point.

Liquidity and Institutional Backing Support Treasury Strategy

BitMine said it leads crypto treasury peers in both the velocity of raising crypto NAV per share and the liquidity of its public stock. BMNR ranks as the 105th most traded stock in the U.S., averaging $1.1 billion in daily trading volumeover the past five days.

The company remains backed by major institutional investors, including ARK’s Cathie Wood, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas “Tom” Lee.

BitMine’s growing ETH treasury positions it as the world’s largest corporate Ethereum holder, as it accelerates toward its long-term 5% supply target.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny

Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny

The post Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with a recent controversy surrounding a bold OpenVPP partnership claim. This week, OpenVPP (OVPP) announced what it presented as a significant collaboration with the U.S. government in the innovative field of energy tokenization. However, this claim quickly drew the sharp eye of on-chain analyst ZachXBT, who highlighted a swift and official rebuttal that has sent ripples through the digital asset community. What Sparked the OpenVPP Partnership Claim Controversy? The core of the issue revolves around OpenVPP’s assertion of a U.S. government partnership. This kind of collaboration would typically be a monumental endorsement for any private cryptocurrency project, especially given the current regulatory climate. Such a partnership could signify a new era of mainstream adoption and legitimacy for energy tokenization initiatives. OpenVPP initially claimed cooperation with the U.S. government. This alleged partnership was said to be in the domain of energy tokenization. The announcement generated considerable interest and discussion online. ZachXBT, known for his diligent on-chain investigations, was quick to flag the development. He brought attention to the fact that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce had directly addressed the OpenVPP partnership claim. Her response, delivered within hours, was unequivocal and starkly contradicted OpenVPP’s narrative. How Did Regulatory Authorities Respond to the OpenVPP Partnership Claim? Commissioner Hester Peirce’s statement was a crucial turning point in this unfolding story. She clearly stated that the SEC, as an agency, does not engage in partnerships with private cryptocurrency projects. This response effectively dismantled the credibility of OpenVPP’s initial announcement regarding their supposed government collaboration. Peirce’s swift clarification underscores a fundamental principle of regulatory bodies: maintaining impartiality and avoiding endorsements of private entities. Her statement serves as a vital reminder to the crypto community about the official stance of government agencies concerning private ventures. Moreover, ZachXBT’s analysis…
Share
BitcoinEthereumNews2025/09/18 02:13
Telos Advisers Welcomes Stephen Gardner as a Strategic Advisory Board Member

Telos Advisers Welcomes Stephen Gardner as a Strategic Advisory Board Member

Former Amtrak CEO brings more than 25 years of leadership experience in rail, infrastructure delivery, and national transportation policy NEWARK, N.J.–(BUSINESS
Share
AI Journal2026/02/03 02:16