Bitmine Immersion Technologies has announced that its total crypto and cash holdings have reached $13.4 billion, mainly because of its large Ethereum investment strategy. The company now owns around 5.2 million ETH, which is about 4.3% of Ethereum’s total circulating supply.
The company is led by chairman Tom Lee and has quickly become one of the biggest institutional holders of Ethereum. Since starting its treasury strategy in June 2025, Bitmine has continued buying Ethereum at a rapid pace.
The company is now close to reaching its target of owning 5% of the total ETH supply, a plan it calls the “Alchemy of 5%.”
Based on current market prices, Bitmine’s Ethereum holdings are worth more than $12 billion. Along with Ethereum, the company also owns 201 Bitcoin, shares in Beast Industries, shares in Eightco Holdings, and nearly $775 million in cash reserves.
Bitmine’s fast growth shows increasing institutional interest in Ethereum and the broader crypto market.
Bitmine Grows Ethereum Staking Business
Bitmine Immersion Technologies is earning strong income by staking most of its Ethereum holdings through its own platform called MAVAN (Made in America Validator Network). The company has already staked more than 4.7 million ETH which is over 90% of the Ethereum it currently owns.
Staking allows Bitmine to support the Ethereum network while also earning rewards from its holdings. This strategy is helping the company generate a large amount of passive income every year.
According to Bitmine its staking operations are currently producing around $319 million in annual revenue. The company also expects that number to grow to nearly $352 million once all of its Ethereum holdings are fully staked.
The move shows how large crypto companies are using Ethereum not only as a long-term investment but also as a way to create steady income through blockchain-based financial systems.
More: Ethereum Foundation Sells 10000 ETH to Bitmine Report
Ethereum Could Shape the Future of Finance
In a recent statement, Tom Lee said that blockchain technology is becoming faster and more efficient than traditional banking systems. He believes Ethereum is playing a major role in building the future of digital finance.
According to Lee, technologies like stablecoins, tokenization, and decentralized networks could change how people send money, trade assets, and use financial services worldwide.
Lee also explained that Ethereum may be a strong long-term investment option. He pointed out that investors who added a small amount of Ethereum to their portfolios in the past often saw better overall returns.
At the same time, Ethereum helped reduce losses during difficult market conditions compared to traditional assets like stocks.
As more companies and institutions adopt blockchain technology, Lee believes Ethereum could become one of the most important digital assets in the global financial system over the coming years.
Ethereum Price May Grow Strongly in the Future
Tom Lee believes Ethereum still has strong growth potential because its current value is lower compared to Bitcoin’s historical market performance.
According to Lee, if Bitcoin reaches $250,000 in the coming years, Ethereum’s price could also rise sharply. He estimated that ETH may trade between $12,000 and $62,000 depending on future market conditions and investor demand.
Lee also explained that more companies are starting to see Ethereum as an important long-term asset instead of just a cryptocurrency for trading. Many firms now use Ethereum as a treasury reserve while also earning extra income through staking rewards.
Bitmine Immersion Technologies is one of the biggest examples of this growing trend. The company’s large Ethereum purchases show increasing institutional confidence in Ethereum and blockchain technology.
Experts believe this could help Ethereum play a much larger role in the future global financial system.
