Bitmine Adds $156M In ETH Calls Ether a “Wartime Store of Value” as Holdings Reach 4.87M ETH

Bitmine Immersion Technologies has accumulated 4.87 million Ethereum, valued at about $10.7 billion, making it the largest corporate ether treasury globally. The company is now roughly 81% of the way toward its stated goal of controlling 5% of total ETH supply, according to its latest update.

Chairman Tom Lee described ether as a “wartime store of value,” pointing to its relative strength during recent geopolitical tensions. He noted that ETH has risen about 17.4% since the Iran conflict began, outperforming both equities and gold by wide margins.

Bitmine has staked 3.33 million ETH, representing about 68% of its holdings, generating approximately $212 million in annualized staking revenue at a reported 2.89% yield. The company’s total assets, including cash and equity positions labeled “moonshots,” stand at $11.8 billion, which includes $719 million in cash and strategic investments such as a stake in Beast Industries and a position in Eightco Holdings.

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Bitmine purchased 71,524 ETH in its latest weekly accumulation, continuing a multi-week buying streak. Lee said the firm believes Ethereum is entering the final phase of a “mini-crypto winter” and expects stronger upside driven by institutional adoption and blockchain-based financial infrastructure.

The company recently listed on the New York Stock Exchange, trading under the ticker BMNR. It now ranks as the second largest crypto treasury overall after Strategy, highlighting the growing concentration of digital assets in corporate balance sheets.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.