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CryptoMediumUpdated×2•Originally published 9 March 2026•Updated 9 March 2026•

1 min read

Bitmine Leverages ETH Reserves for Staking, Targeting $259M in Annual Revenue

Key Facts

1Bitmine Immersion Technologies increased its ether treasury to 4.535 million ETH.

3 months ago

Version History

Version 23 months ago

What changed: The story was updated to include new operational details regarding the staking of 67% of reserves, generating $174M in annual revenue with projections to reach $259M.

Version 13 months ago

What changed: Updated to include the $131 million valuation of the recent acquisition and confirmation of Bitmine's status as the world's largest corporate Ethereum holder.

Bitmine Immersion Technologies has expanded its Ethereum treasury to 4.535 million ETH, following its latest acquisition of 60,976 tokens in early March 2024. This move solidifies the company's position as the world's largest corporate holder, controlling approximately 3.76% of the total circulating supply. New operational data reveals that 67% of these holdings are currently in active staking, generating approximately $174 million in annual revenue. The company projects these staking rewards to reach $259 million annually once full operational scale is achieved. This strategic shift toward active yield generation signals profound institutional confidence in the asset's long-term value. Furthermore, the large-scale locking of ETH in staking is expected to significantly tighten market liquidity, potentially providing a robust floor for ETH prices.