TLDR
- Bitmine increased its Ethereum holdings to 4.66 million ETH valued at about $9.6 billion.
- The company purchased 65,341 ETH worth around $138 million in the past week.
- Bitmine holds nearly $11 billion in total crypto assets and cash.
- About 70% of its Ethereum holdings are staked to generate yield.
- Over 3.14 million ETH are deployed in staking, valued at roughly $6.5 billion.
Bitmine increased its Ethereum holdings to 4.66 million ETH valued at about $9.6 billion. The company also holds $1.1 billion in cash and other crypto assets, bringing total crypto and cash to nearly $11 billion. The latest purchase of 65,341 ETH, worth about $138 million, extended a multi-week buying trend.
Bitmine Expands Ethereum Treasury Position
Bitmine confirmed it purchased 65,341 ETH over the past week for about $138 million. The company now controls more than 4.66 million ETH valued at roughly $9.6 billion. It also maintains $1.1 billion in cash and other crypto investments, which brings total crypto and cash holdings to about $11 billion.
Executives described Ethereum as a core treasury asset rather than a speculative position. The firm stated that it integrates ETH into a broader capital strategy focused on long-term value and yield. The company said it continues to increase exposure during what it calls the final phases of a market decline.
The company reported that about 70% of its Ethereum holdings are already staked. Over 3.14 million ETH, valued at around $6.5 billion, currently support network operations. At current yield levels, the staked assets are expected to generate about $272 million in annual rewards.
Staking Strategy Increases Yield on Holdings
Bitmine uses staking as a primary method to generate returns from its Ethereum reserves. The company commits ETH to validate transactions and secure the network. In return, it receives staking rewards that convert holdings into income-producing assets.
The firm stated that this approach aligns digital assets with traditional yield-generating instruments. It maintains exposure to price movements while earning rewards. As a result, Ethereum serves both as a treasury reserve and a yield source.
Bitmine plans to launch its MAVAN staking solution in early 2026. The company expects the platform to expand staking operations and improve returns across its portfolio. It stated that MAVAN will support continued growth in deployed capital.
Whale Selling Highlights Market Divergence
While Bitmine accumulates ETH, some long-term holders have reduced positions. Blockchain data shows that a wallet nearly ten years old sold 15,002 ETH in one transaction. The sale carried a value of about $30.9 million at current prices.
Records indicate the wallet originally acquired ETH for about $2.2 million. The address accumulated more than 170,000 ETH over time. At current valuations, those holdings would exceed $350 million.
Market observers described the transaction as profit-taking rather than a shift in overall sentiment. At the same time, Bitmine continues to increase its share of Ethereum supply. The company’s staking volume now exceeds that of most other global participants.
