Key Takeaways
BitMine Immersion Technologies acquired 27,562 ETH, raising its holdings to nearly 5% of total supply and pushing reserves past $17 billion.
According to BlockchainReporter, BitMine Immersion Technologies disclosed on Monday that it purchased 27,562 ETH over the prior week. The acquisition increases the company's total holdings to 5,983,940 tokens, representing roughly 4.9% of the overall supply. This pushes BitMine's combined crypto, cash, and equity reserves past $17 billion, cementing its position as the largest public holder of ether.
Chaired by Tom Lee, the Norwalk, Connecticut-based firm stated that as of September 20, its holdings included the ether tokens priced at $2,688 each, alongside 212 Bitcoin, $714 million in cash and marketable securities, a $180 million stake in Beast Industries, and a $105 million stake in Eightco Holdings. BitMine noted that 5,067,309 ETH is currently staked, generating an annualized 7-day yield of 2.62% and projected annualized staking revenue of approximately $357 million.
The latest purchase maintains an unbroken weekly buying streak that began when the strategy was launched on June 30, 2025. The company funds the program through bitcoin mining operations and capital raise proceeds as it approaches the 5% supply milestone.
Source & Fact-Check Note
https://blockchainreporter.net/bitmine-adds-27562-eth-treasury-tops-17-billion/
