BitMine Immersion Technologies has increased its Ethereum holdings to more than 6.05 million tokens, worth approximately $14.25 billion, strengthening its position as the world’s largest corporate Ethereum holder. The company disclosed the latest figures on October 26, alongside $514 million in cash and marketable securities. Additionally, its investments include stakes in Beast Industries and Eightco Holdings, bringing its total crypto, cash, and other investments to approximately $15 billion.
BitMine Expands Ethereum Holdings and Staking Operations
BitMine acquired 10,452 ETH during the latest week, maintaining its weekly buying strategy launched in June 2025. Consequently, its Ethereum reserves now represent 4.95% of the total circulating supply of 122.2 million tokens.
Moreover, the company has staked 5.23 million ETH, valued at approximately $12.3 billion. BitMine expects these holdings to generate substantial annual rewards through its institutional staking platform, MAVAN.
Chairman Thomas Lee believes crypto markets could outperform other risk-sensitive assets during the current market downturn. He highlighted Ethereum’s smaller decline compared with semiconductor stocks since their recent peaks.
Share Buybacks Support BitMine’s Growth Strategy
Besides accumulating Ethereum, BitMine repurchased 2.04 million shares last week at an average price of $22.48. The company has bought back 22.9 million shares this year, spending approximately $399.6 million.
Additionally, BitMine continues pursuing its target of owning 5% of Ethereum’s supply. Its progress combines aggressive accumulation, staking revenue, and shareholder-focused capital management.
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