Bitmine Boosts ETH Holdings to 4.66 Million, Eyes 5% Supply

• Bitmine now holds 4.66M ETH, nearing its goal of 5% of the total Ethereum supply.
• Staked ETH generates $184M annually, boosting long-term treasury yield potential.
• The MAVAN network launch in 2026 could raise staking rewards to $272M yearly.

Bitmine Immersion Technologies has intensified its Ethereum strategy, expanding its position during a period of shifting macro and crypto market dynamics. The firm now holds 4.66 million ETH after adding over 65,000 ETH in the past week. 

Consequently, its total crypto and cash reserves reached $11 billion, reinforcing its position as a dominant Ethereum treasury. Additionally, the company continues to increase staking activity, which now generates substantial recurring revenue.

Rapid Expansion Toward Ethereum Supply Target

According to the press release, Bitmine has already secured 3.86% of Ethereum’s circulating suppl…

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