BitMine Reaches $10.7B Assets with 4.7M ETH and $177M Staking Revenue
BitMine Immersion Technologies’ total assets reached $10.7 billion, including 4,732,082 ETH (3.92% of global supply), following a purchase of 71,179 ETH worth $146 million last week. The firm’s institutional staking platform MAVAN secures 3.1 million staked ETH generating $177 million annualized revenue at a 2.80% 7-day yield.
1. Asset Growth Milestone
BitMine Immersion Technologies reached $10.7 billion in total assets as of March 29, driven by 4,732,082 ETH holdings valued at $9.7 billion and a cash reserve of $961 million. This milestone underscores the firm’s expanding treasury amid ongoing crypto market uncertainty.
2. Aggressive Ethereum Accumulation
Over the past week, BitMine acquired 71,179 ETH—approximately $146 million at current prices—bringing its total Ethereum holdings to 4,732,082 ETH (3.92% of global supply). The firm also maintains 197 BTC valued at $13.2 million, sustaining its diversified digital asset strategy.
3. MAVAN Staking Platform Performance
BitMine’s MAVAN network currently stakes 3.1 million ETH (roughly $6.3 billion), delivering $177 million in annualized revenue at a 2.80% 7-day yield and offering potential full staking rewards of $266 million. This institutional-grade platform positions the firm as a leading yield provider in the Ethereum ecosystem.
4. Market Position and Outlook
With a daily trading volume of $920 million, BitMine ranks as the world’s second-largest corporate treasury behind a major Bitcoin investor. Chairman Thomas Lee forecasts that upcoming regulatory reforms under the proposed GENIUS Act will modernize financial rails to favor digital assets over traditional commodities.