Bitmine added 71K ETH in one week, lifting total crypto and cash holdings to $10.7B as staking revenue climbs.
Tom Lee’s Bitmine Immersion expanded its Ethereum treasury again, adding 71,179 ETH in the past week.
The latest purchase lifted total ETH holdings to 4.73 million coins.
According to the company’s press release, that equals 3.92% of Ethereum’s circulating supply. Total crypto, cash, and strategic equity holdings now stand at $10.7 billion.
The update keeps Bitmine at the top of the global Ethereum treasury rankings and shows that its accumulation pace remains aggressive.
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Bitmine ETH Holdings Near 5% Supply Goal
According to the company, Bitmine now holds 4,732,082 ETH, valued at roughly $9.48 billion at $2,005 per coin.
The treasury also includes 197 BTC, $961 million in cash, and strategic positions in ORBS and Beast Industries. Together, these assets pushed total holdings to $10.7 billion.
The company said the latest figure places it more than 78% toward its long-stated goal of controlling 5% of ETH supply.
Thomas “Tom” Lee said Bitmine has increased the pace of weekly ETH purchases for four straight weeks. The latest 71,179 ETH buy also came in above its earlier 45,000 to 50,000 weekly average.
Lee added that Bitmine remains backed by major institutional investors. These include Cathie Wood, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital.
The company also noted that BMNR stock now trades about $920 million daily on a five-day average, placing it among the most active U.S. equities.
Ethereum Staking Revenue Climbs With MAVAN Launch
A major part of the treasury strategy now centers on staking.
Bitmine said 3,142,643 ETH is currently staked, worth around $6.3 billion. That means roughly 66% of the company’s ETH treasury now generates yield.
The company recently launched MAVAN, short for Made in America VAlidator Network. According to the release, the staking platform first supports Bitmine’s treasury needs but plans to expand toward institutions and custodians.
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At the current staking pace, annualized revenue has reached $177 million.
Lee said full deployment of all ETH through MAVAN and partner validators could raise yearly staking rewards to $266 million. The company added that the seven-day staking yield stood at 2.80%, closely matching the CESR benchmark.
Earlier Report Showed Ethereum’s Weak Q1
As earlier reported by LiveBitcoinNews, Ethereum closed the first quarter of 2026 down 32.8% despite record network activity. That earlier report showed how stronger usage failed to support price during the quarter.
The data shared showed that March posted a modest 1.3% gain.
However, the recovery followed deeper losses from January and February. Ethereum traded as high as $3,385 during the quarter before falling to a low of $1,760.
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That backdrop makes Bitmine’s latest treasury move more notable.
The company increased purchases during a period when ETH still traded under pressure from liquidations, layer-2 capital shifts, and macro uncertainty.
Consequently, the latest accumulation suggests continued institutional conviction even after Ethereum’s difficult quarter.
Bitmine said it remains the largest ETH treasury globally and the second-largest crypto treasury overall, behind Strategy Inc.
With the 5% supply target now in sight, its Ethereum accumulation strategy continues to stand out in the public markets.
Source: https://www.livebitcoinnews.com/tom-lees-bitmine-adds-71k-eth-now-holds-10-7b-in-crypto-and-cash/
