Bitmine Buys 60,999 ETH as Treasury Now Holds 3.8% of Ethereum Supply

Bitmine’s Ethereum Stack Nears 4.6 Million After Latest Buy

BitMine Immersion Technologies is rapidly consolidating its position as one of the most influential institutional players in the Ethereum ecosystem.

The company disclosed that it purchased 60,999 ETH last week, bringing its total holdings to 4,595,562 ETH, worth roughly $10 billion at recent prices and representing approximately 3.81% of ether’s circulating supply. The treasury also includes 196 bitcoin, alongside a mix of venture-style “moonshot” investments and cash reserves.

In total, Bitmine’s combined crypto, cash, and strategic assets are valued at about $11.5 billion as of March 15, according to the firm’s latest holdings update.

Thomas “Tom” Lee, Chairman of Bitmine remained bullish on the firm’s ETH acquisition, stating:

Since the start of the Iran war, crypto prices have outperformed, and ethereum has outperformed the S&P 500 by 2,450bp. This is a meaningful outperformance in a mere two weeks.

A significant share of the company’s ether is actively generating yield. Bitmine currently has 3,040,515 ETH staked, representing about $6.6 billion in assets securing the Ethereum network. The company reports a 2.81% seven-day staking yield, slightly above the Composite Ethereum Staking Rate (CESR) of 2.79%.

The firm is working with three staking providers as it prepares to launch its own MAVAN (Made in America Validator Network) in 2026, a move that could give Bitmine direct control over large-scale Ethereum validator infrastructure.

Aggressive Accumulation Strategy

BitMine’s buying spree has been relentless. Weekly purchases have ranged from roughly 40,000 to more than 60,000 ETH throughout early 2026, following even larger acquisitions in late 2025.

Alongside the latest purchase, the company also acquired 5,000 ETH from the Ethereum Foundation (EF), providing funding for the organization’s ongoing development work.

Expanding Beyond Crypto

BitMine is also branching into high-profile technology investments.

The firm recently increased its stake in Eightco Holdings by $80 million. Eightco itself has made strategic bets, including a $50 million equity investment in OpenAI and a $25 million stake in Beast Industries, the media venture founded by Youtube creator MrBeast.

“OpenAI has a much-anticipated IPO in 2026, and investors can now get direct exposure via ORBS. We see a lot of synergy between worldchain (proof of human), the leading AI platform (OpenAI), and the world’s great content creator, Mr. Beast.”

Bitmine also holds a $200 million position in Beast Industries directly, alongside $83 million in Eightco shares and $1.2 billion in cash.

A Public Market Heavyweight

BitMine’s stock is increasingly active on U.S. markets. According to Fundstrat data, shares average around $1 billion in daily trading volume, ranking 105th among more than 5,700 U.S.-listed companies, just behind Nike and ahead of Starbucks.

For investors, the message is clear: Bitmine is effectively attempting to do for ether what Microstrategy did for bitcoin, turn a public company into a leveraged gateway for institutional exposure to a leading crypto asset.

Whether that bet proves visionary or risky may ultimately depend on ether’s ability to remain the backbone of decentralized finance and the emerging tokenized economy.

FAQ 📊

• Why is Bitmine’s ETH holding significant?
  With 4.59 million ETH, BitMine controls nearly 3.8% of Ethereum’s supply, making it one of the largest corporate holders in the world.
• How much ETH is currently staked?
  More than 3.04 million ETH, worth about $6.6 billion, is deployed in staking operations, generating network rewards.
• What is MAVAN?
  The Made in America Validator Network is BitMine’s upcoming staking infrastructure designed to run large-scale Ethereum validators.
• Why does this matter globally?
  Large institutional treasuries in North America, Europe, and Asia are increasingly exploring Ethereum staking as a way to generate yield while securing blockchain networks.