Bitmine Immersion Technologies (NYSE:BMNR) picked up 32,447 Ethereum (CRYPTO: ETH) last week for roughly $81 million, its largest single-week purchase since early July.
What the Latest Purchase Shows
According to a Bitmine press release Monday, the company now holds 5,847,611 ETH worth approximately $14.6 billion, putting it at 4.8% of Ethereum’s total supply of 120.7 million tokens.
Bitmine has added ETH every week for 60 consecutive weeks since launching its treasury strategy in June 2025, with roughly 187,000 tokens still needed to hit its 5% target.
On the staking side, Bitmine has put 5.07 million ETH to work through its MAVAN institutional staking platform, generating a 7-day annualized yield of 2.67% and projecting $330 million in annualized staking revenue at current prices.
