Bitmine Immersion buys 32,447 more ETH, now holds 5.85 million tokens worth $14.7 billion

Bitmine Immersion adds 32,447 ETH to its holdings

Bitmine Immersion, a company that holds Ethereum (ETH) as part of its treasury, bought another 32,447 ETH last week. This purchase brings its total ETH holdings to 5,847,611 tokens. At current prices, this amount is worth about $14.7 billion.

Ethereum is a digital currency that runs on a decentralized network called a blockchain. It is the second-largest cryptocurrency after Bitcoin.

Key numbers from the latest purchase

• Bitmine Immersion now holds 5.85 million ETH.
• The latest purchase of 32,447 ETH is worth approximately $81.5 million at current prices.
• The company’s total crypto, cash, and other investments are valued at $14.9 billion.
• Bitmine owns about 4.8% of Ethereum’s total circulating supply, which is around 120.7 million ETH.
• The company also holds 210 Bitcoin (BTC), worth about $16.6 million.

Tom Lee comments on Ethereum’s price rise

Tom Lee, the chairman of Bitmine Immersion, said in a statement that Ethereum’s recent 30% price increase was overdue. He noted that similar large weekly gains in the past signaled the start of bigger price moves for ETH.

Lee mentioned several factors he believes supported the price rise: improving fundamentals in crypto, Wall Street’s growing interest in tokenization (turning real-world assets into digital tokens), and the rise of agentic artificial intelligence (AI that can act independently). He also pointed to signals from the White House supporting crypto and the U.S. Treasury buying long-term bonds as reasons for increased risk appetite in the market.

Bitmine’s staked Ethereum and revenue

Bitmine has staked 5,067,309 ETH, which is locked in the Ethereum network to help secure it and earn rewards. This staked amount is worth about $12.7 billion. Lee stated that Bitmine has staked more ETH than any other entity in the world.

The company’s staking operations generated a 7-day yield of 2.67%, which on an annualized basis could produce around $381 million in rewards. Lee also noted that 87% of Bitmine’s ETH holdings are staked.

Bitmine’s position among Ethereum treasury holders

Bitmine is the largest Ethereum treasury holder among public companies. The next largest holders are SharpLink, owned by Joe Lubin, with about 863,020 ETH, and The Ether Machine, with 496,712 ETH.

Overall, Bitmine is the second-largest public crypto treasury company. The largest is Strategy, led by Michael Saylor, which holds 840,447 Bitcoin worth about $65.8 billion.

What is confirmed

• Bitmine Immersion bought 32,447 ETH last week, increasing its total holdings to 5,847,611 ETH.
• The company’s total crypto, cash, and other investments are valued at $14.9 billion.
• Bitmine owns about 4.8% of Ethereum’s circulating supply.
• Tom Lee stated that Ethereum’s recent price rise was overdue and linked it to several market factors.
• Bitmine has staked 5,067,309 ETH, generating a 7-day yield of 2.67%.

What is still unclear

• The average purchase price of the latest 32,447 ETH was not disclosed by Bitmine.
• Lee’s comments about future price movements are opinions and not confirmed facts.

Why this matters for Ethereum holders

Bitmine’s large ETH holdings and staking activities show strong institutional confidence in Ethereum. The company’s position as the largest Ethereum treasury holder may influence market perceptions of ETH’s long-term value. Additionally, the recent price rise and Lee’s comments highlight growing interest in Ethereum from both crypto and traditional finance sectors.

Sources

• The Block
• PR Newswire (Bitmine announcement)