Bitmine Immersion Technologies Aggressively Accumulates Ethereum, Targets 5% of Global Supply and Projects Soaring Staking Revenues

NEW YORK – Bitmine Immersion Technologies (NASDAQ: BMNR) is making significant strides in its strategic accumulation of Ethereum (ETH), substantially expanding its digital asset portfolio. According to a recent announcement on Monday, the company acquired an additional 40,613 ETH in the week ending February 8th. This latest acquisition brings Bitmine’s total Ethereum holdings to an impressive 4,325,738 ETH, valued at approximately $9.2 billion.

Strategic Growth and Market Dominance in Ethereum

This substantial increase positions Bitmine’s Ethereum holdings at 3.58% of the total circulating supply, which currently stands at approximately 120.7 million ETH. The company has publicly declared an ambitious long-term objective: to hold 5% of all circulating Ethereum. With its current holdings, Bitmine has now achieved 72% of this strategic target, demonstrating consistent progress towards becoming a dominant holder in the Ethereum ecosystem.

Tom Lee Highlights “Stunning Divergence” and Bullish Outlook for Ethereum

Tom Lee, Executive Chairman of Bitmine Immersion Technologies and a respected Wall Street analyst, offers a compelling perspective on the current state of the Ethereum market. Despite Ethereum’s price experiencing a retreat of approximately 62% from its 2025 peak, Lee points to a “stunning divergence” when examining its underlying fundamentals. He emphasizes that daily Ethereum transactions have surged to an all-time high of 2.5 million, concurrently with daily active addresses surpassing the 1 million mark – indicators of robust network utilization and growth.

“The most lucrative investment opportunities in the cryptocurrency space often present themselves in the aftermath of market downturns,” Lee stated in a recent press release. “This mirrors the situation in 2025, where a sharp decline, initially sparked by tariff concerns, ultimately created the most attractive entry points of that year.”

Lee underscored that Bitmine’s persistent and disciplined strategy of acquiring Ethereum is firmly rooted in this analytical conviction:

“We firmly believe that this recent market pullback offers an exceptionally attractive opportunity for accumulation. Ethereum’s fundamental strengths continue to grow robustly, yet the current ETH price does not fully encapsulate its high utility value and its critical, evolving role as foundational infrastructure for the future of finance.”

Furthermore, drawing on historical market behavior, Lee suggested that Ethereum frequently exhibits significant V-shaped recoveries following substantial price corrections, leading him to anticipate a similar resurgence potentially unfolding in 2026.

A Diversified Portfolio and Strong Financial Position

Beyond its substantial Ethereum reserves, Bitmine Immersion Technologies provided an update on its broader asset base. The company disclosed a total of $10 billion across its “cryptocurrency, cash, and Moonshots investments” as of Monday. This comprehensive portfolio includes the aforementioned 4,325,738 ETH, 193 Bitcoin (BTC), $200 million in Beast Industries shares, and a $19 million strategic investment in Eightco Holdings. Complementing these digital and equity holdings, Bitmine also reported a robust cash position of $595 million.

Unlocking Significant Staking Revenue Potential

Bitmine is actively leveraging its Ethereum holdings through staking. The company currently has 2,897,459 ETH actively committed to staking, a strategy projected to generate an impressive $202 million in annual revenue.

Looking to the future, Tom Lee outlined an even more ambitious outlook for the company’s staking capabilities. Once Bitmine’s highly anticipated MAVAN staking network officially launches in Q1 2026 and achieves full integration with its partners, the potential for annual staking revenue could dramatically increase. Should the company stake its entire Ethereum holdings, the projected annual revenue from staking could soar to $374 million—equivalent to generating over $1 million per day.

BMNR: A Highly Active Stock on the Market

Bitmine Immersion Technologies (BMNR) also maintains a strong presence in the equity markets. According to data from Fundstrat as of February 6th, BMNR was ranked as the 107th most actively traded stock in the United States, demonstrating significant investor interest with a 5-day average daily trading volume of $1.3 billion.