Bitmine Boosts Ethereum Holdings to 4.6M ETH Amid Buying Spree

• Bitmine holds 4.66M ETH, about 3.86% of supply, after accelerating weekly purchases above 65K ETH recently.

• Company stakes 67% of ETH holdings, generating $184M yearly revenue with potential growth to $272M.

• Total assets hit $11B, including BTC, equities, and cash, supporting large-scale Ethereum treasury expansion.

Bitmine Immersion Technologies disclosed $11 billion in total crypto, cash, and strategic holdings as of March 22, 2026, while confirming aggressive Ethereum accumulation. The update, shared alongside comments from Chairman Tom Lee, details increased weekly purchases and expanding treasury operations. The company continues building its position as one of the largest Ethereum holders globally.

Ethereum Accumulation Accelerates

According to Bitmine, the company acquired 65,341 Ethereum over the past week. This pace exceeded its earlier weekly average of 45,000 to 50,000 ETH. Tom Lee stated that this higher rate continued consistently over the last three weeks.

As a result, total Ethereum holdings reached 4,660,903 ETH. Based on a price of $2,072, this portfolio carries significant value. The company noted that its holdings now represent about 3.86% of the total Ethereum supply of 120.7 million coins.

In addition, Bitmine holds 196 Bitcoin alongside its Ethereum reserves. The firm also reported $200 million invested in Beast Industries and $95 million in Eightco Holdings. Cash reserves currently stand at $1.1 billion, supporting ongoing acquisitions.

**Staking Operations Expand **

Alongside accumulation, Bitmine has increased its staking activity. As of March 23, 2026, the company reported 3,142,643 ETH staked across its systems. This accounts for roughly 67% of its total Ethereum holdings.

Tom Lee said Bitmine now stakes more Ethereum than any other entity globally. Current annualized staking revenue stands at $184 million. However, projections suggest this could rise to $272 million as operations scale further.

The estimate uses a 2.83% seven-day BMNR yield. Meanwhile, the broader Composite Ethereum Staking Rate stands at 2.75%, based on Quatrefoil data.

Treasury Strategy and Infrastructure Plans

Bitmine continues developing its Made in America Validator Network, known as MAVAN. The company is working with three staking providers ahead of deployment planned for early 2026. This system aims to support large-scale Ethereum validation.The firm ranks as the largest Ethereum treasury and second among global crypto treasuries. It follows Strategy, led by Michael Saylor, which holds 762,099 Bitcoin acquired for about $57.69 billion.