- Bitmine acquired 76,881 ETH in one week, continuing aggressive accumulation during Ethereum price weakness.
- The firm now holds over $10.4B in crypto and related assets, with more than 83% of ETH staked.
- Bitmine expanded staking infrastructure through MAVAN while maintaining strong annualized staking yields and revenues.
Bitmine Immersion Technologies expanded its Ethereum position with the purchase of 76,881 ETH over the past week, according to company disclosures. The acquisition comes as the firm reports total crypto, cash, securities, and “moonshots” holdings reaching $10.4 billion. Bitmine management said the accumulation reflects continued buying during an ETH price pullback and ongoing staking expansion.
Bitmine Expands ETH Holdings And Treasury Base
Bitmine stated it added 76,881 ETH in the latest weekly accumulation cycle. The company said the purchase aligns with its long-term strategy of crypto accumulation. According to company data, Bitmine total staked ETH now stands at 4,718,677 ETH, valued at approximately $8.1 billion at $1,718 per ETH.
Notably, Bitmine reported that over 83% of its total 5.62 million ETH holdings are currently staked. The firm said it has staked more ETH than any other entity globally. Bitmine also stated it is maintaining an elevated buying pace, linking the activity to what it described as early-stage crypto market conditions.
Staking Output And MAVAN Infrastructure Expansion
Bitmine reported annualized staking revenues of approximately $226 million. The company also projected potential staking rewards of $269 million under full deployment conditions. According to the company, its 7-day staking yield stands at 2.79% annualized. This yield supports its broader ETH treasury strategy and dividend obligations.
Bitmine also confirmed the rollout of MAVAN, its institutional-grade validator network. The platform supports ETH staking operations and is designed for expansion into institutional custody and partner services.
A portion of Bitmine’s ETH holdings already runs through MAVAN infrastructure. The firm stated the network is central to scaling staking operations across its ecosystem.
Capital Markets Activity And Preferred Stock Listing
Bitmine completed a registered offering of 3.5 million shares of Series A Preferred Stock at $80 per share. The company raised approximately $273.8 million in net proceeds after expenses.
The Series A Preferred Stock carries a 9.50% dividend rate and is scheduled for weekly payouts. Trading is expected to begin under the symbol BMNP on June 16, 2026.
Bitmine also declared a weekly cash dividend of $0.2639 per share for Series A Preferred Stock holders, payable on July 6, 2026.
Additionally, Bitmine was included in the Fortune 100 Crypto List, according to Fortune Magazine, based on data from Inca Digital and industry survey input.
