Bitmine Immersion Technologies (NYSE: BMNR) reported holdings of 4,874,858 ETH (just over 4% of total supply) after a 71,524 ETH weekly buy — its largest since Dec. 22, 2025. The company has staked 3,334,637 ETH with a seven-day annualized staking yield of 2.89%, producing $212M in annualized ETH staking revenues; full MAVAN deployment is forecast to generate $310M annually. Total combined crypto, cash and equity assets are $11.8B. Other holdings include 198 BTC, $200M in Beast Industries, $85M in Eightco (ORBS), and $719M in cash. Institutional backers include ARK, Pantera, Founders Fund, Kraken and Galaxy Digital. Bitmine uplisted to the NYSE on April 9, 2026 and is the largest ethereum-focused treasury and second-largest crypto treasury by value behind MSTR.

Bullish: Bitmine purchased 71,524 ETH and now holds 4,874,858 ETH (>4% of supply), has staked 3,334,637 ETH generating $212M annualized at a 2.89% yield, and targets accumulating up to 5% of all ETH; company size ($11.8B assets, NYSE listing) and institutional backers increase credibility.