{"id":8162,"date":"2026-04-07T07:41:16","date_gmt":"2026-04-07T07:41:16","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8162"},"modified":"2026-04-07T07:41:16","modified_gmt":"2026-04-07T07:41:16","slug":"bitmine-immersion-technologies-nears-5-of-ethereum-supply-with-10b-eth-bet","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8162","title":{"rendered":"Bitmine Immersion Technologies Nears 5% of Ethereum Supply With $10B ETH Bet"},"content":{"rendered":"

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  • Bitmine holds 4,803,334 ETH, valued at approximately US$10.2 billion at US$2,123 per token, with 71,252 tokens acquired in the past week alone.<\/span><\/li>\n
  • The company\u2019s MAVAN staking platform deploys 3.33 million ETH at a 2.78% annualised yield, generating US$196 million per year and projecting US$282 million at full deployment.<\/span><\/li>\n
  • BMNR transfers from NYSE American to the New York Stock Exchange on April 9, marking a milestone for a company positioning itself as the world\u2019s largest yield-bearing public Ethereum treasury.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitmine Immersion Technologies has expanded its Ethereum (ETH) treasury to 4,803,334 ETH, giving it control of about 3.98% of the token\u2019s circulating supply and bringing it closer to its public target of holding 5% of all ETH.<\/p>\n

    The company\u2019s ETH position is valued at about US$10.2 billion (AU$14.79 billion). Over the past seven days alone, Bitmine added 71,252 ETH, its fastest accumulation pace since December 22, 2025.\u00a0<\/p>\n

    Chairman Tom Lee said the buying came during what he described as the final phase of a recent crypto downturn.<\/p>\n

    Related: CFTC Takes Three States to Federal Court Over Prediction Market Control<\/strong><\/p>\n

    Bitmine Turns Treasury Into Revenue Engine Through Staking<\/h2>\n

    Bitmine is using staking to turn most of its ETH reserve into a revenue-producing operation. It has deployed 3,334,637 ETH, worth roughly US$7.1 billion (AU$10.30 billion), through MAVAN, its Made in America Validator Network, which the company launched publicly this week as an institutional staking platform.<\/p>\n

    Bitmine said MAVAN is generating an annualised yield of 2.78%, slightly above the 2.74% CESR benchmark. At that rate, the staked ETH is producing about US$196 million (AU$284 million) in yearly revenue.\u00a0<\/p>\n

    If all of Bitmine\u2019s current holdings are committed to staking, the company estimates annual staking income could rise to about US$282 million (AU$409 million).<\/p>\n

    The company\u2019s broader balance sheet includes its ETH holdings, 198 bitcoin and US$864 million (AU$1.25 billion) in cash, for a total value of about US$11.4 billion (AU$16.53 billion). Bitmine has described its 5% supply goal internally as the \u201calchemy of 5%,\u201d and its current position places it about 79% of the way there.\u00a0<\/p>\n

    With ETH\u2019s circulating supply at around 120.7 million tokens, Bitmine needs roughly another 200,000 ETH to reach that threshold.<\/p>\n

    Read more: Circle Unveils cirBTC to Bring Trusted Bitcoin Liquidity Into DeFi<\/strong><\/p>\n<\/p><\/div>\n

    BitMine,Ethereum#Bitmine #Immersion #Technologies #Nears #Ethereum #Supply #10B #ETH #Bet1775547676<\/p>\n","protected":false},"excerpt":{"rendered":"

    Bitmine holds 4,803,334 ETH, valued at approximately US$10.2 billion at US$2,123 per token, with 71,252 tokens acquired in the past week alone. The company\u2019s MAVAN staking platform deploys 3.33 million ETH at a 2.78% annualised yield, generating US$196 million per year and projecting US$282 million at full deployment. BMNR transfers from NYSE American to the<\/p>\n","protected":false},"author":1,"featured_media":8163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1762,112,439,601,31,3846,1019,505,3847],"class_list":{"0":"post-8162","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-10b","9":"tag-bet","10":"tag-bitmine","11":"tag-eth","12":"tag-ethereum","13":"tag-immersion","14":"tag-nears","15":"tag-supply","16":"tag-technologies"},"yoast_head":"\nBitmine Immersion Technologies Nears 5% of Ethereum Supply With $10B ETH Bet - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=8162\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitmine Immersion Technologies Nears 5% of Ethereum Supply With $10B ETH Bet\" \/>\n<meta property=\"og:description\" content=\"Bitmine holds 4,803,334 ETH, valued at approximately US$10.2 billion at US$2,123 per token, with 71,252 tokens acquired in the past week alone. 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