Bitmine Immersion Technologies has acquired an additional 15,112 ETH, bringing its total holdings to approximately 6.02 million Ethereum. The firm chaired by Fundstrat’s Tom Lee has reached 98% of its target to own 5% of Ethereum’s circulating supply, which stands at around 122.1 million coins. Valued at roughly $2,698 per ETH, these reserves represent approximately $16.2 billion out of a total asset base of $17.2 billion. Bitmine has been purchasing Ethereum weekly since launching its treasury program on June 30, 2025. The company projects annual staking rewards of approximately $358 million through its MAVAN institutional platform.
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