Bitmine holds 4% Ethereum supply, $11.8B total

Bitmine Immersion Technologies has significantly expanded its Ethereum holdings, now controlling 4.04% of the total circulating supply with 4.87 million ETH valued at approximately $10.7 billion. This positions Bitmine as the largest corporate Ethereum treasury globally and the second-largest corporate crypto treasury overall. The company has staked 68% of its ETH holdings, generating substantial annualized staking revenue. Bitmine is nearing its goal of acquiring 5% of the total ether supply, having recently accelerated its acquisition pace.