BitMine Adds 60,999 ETH to 4.6M Treasury, Stakes 3.04M ETH for $180M and Invests $75M in Eightco
BitMine Immersion Technologies purchased 60,999 ETH ($138M) last week, raising its treasury to 4,595,562 ETH. The firm stakes 3,040,515 ETH ($6.9B) via its MAVAN platform for annualized $180M revenue and invested $75M in Eightco.
1. Ethereum Acquisition Ramp-Up
BMNR acquired 60,999 ETH valued at approximately $138 million last week, marking its second consecutive weekly increase above its prior average of 45,000–50,000 ETH. The firm’s total Ethereum treasury now stands at 4,595,562 ETH, valued at over $10.5 billion following a 9% price rise.
2. MAVAN Staking Expansion
BitMine has staked 3,040,515 ETH—66% of its holdings—on its Made in America Validator Network (MAVAN) platform, generating about $180 million in annualized staking revenue. Full deployment of the firm’s stakes could boost rewards to roughly $272 million, with the platform on track to launch by the end of Q1.
3. Eightco Investment and Board Appointment
Chairman Tom Lee joined the board of Eightco, an AI and blockchain firm managing a Worldcoin treasury, while BMNR injected $75 million into the company. The new stake brings BMNR’s holding in Eightco to $83 million, complementing its $1.2 billion cash reserve.