Bitcoin Immersion Technologies crossed 4.59 million ETH after buying 60,999 tokens in one week.

TLDR

Bitcoin bought 60,999 ETH last week, exceeding the recent weekly average of 45,000 to 50,000 tokens.

Total holdings now stand at 4,595,562 ETH, which represents 3.81% of the total global Ethereum token supply.

Bitmines staked ETH totaled 3,040,515 tokens, generating $180 million in annual stake earnings at a yield of 2.81%.

As of March 15, 2026, the company's combined crypto, cash and cryptocurrencies assets totaled $11.5 billion.

Bitmine Immersion Technologies bought 60,999 ETH last week, bringing its total Ethereum holdings to 4,595,562 tokens. The figure represents roughly 3.81% of the global ETH supply.

The company holds 196 bitcoins alongside its Ethereum position. In the year As of March 15, 2026, Bitmine's combined crypto, cash and “moonshot” assets are valued at an estimated $11.5 billion, confirming its position as the world's largest Ethereum treasury.

A weekly purchase indicates an accelerated accumulation rate

The 60,999 ETH gained last week exceeded Bitmine's recent weekly average of 45,000 to 50,000 tokens. Chairman Tom Lee confirmed that the company had deliberately increased its buying pace over the past two weeks.

“Last week we got 60,999 ETH compared to the recent weekly average of 45k to 50k,” Lee said. The reason for the decision is that Ethereum is approaching the end of a “mini-crypto winter”.

The latest purchase brings Bitmine closer to its stated goal of holding more than 76% of the global ETH supply. Lee pointed to current macroeconomic conditions as a key factor behind the accelerated buying.

“Since the start of the Iran war, crypto prices have reached a higher level and Ethereum has outperformed the S&P 500 by 2,450bp,” he said. He stated that this was a significant improvement achieved in just two weeks.

Lee explained the broad investment logic that drives the rate of accumulation. “In our view, higher oil is posing a threat to the global economic slowdown,” he said.

“And when investors worry about growth, they buy growth stocks, including MAG7, software and crypto.” This environment, according to Lee, supports the continued accumulation of Ethereum at a high rate.

The company's total ETH position at $2,185 per token as of March 15, 2026 is estimated at approximately $10.04 billion. Bitmine's total cash holdings stand at $1.2 billion, adding further depth to its balance sheet.

The firm owns a $200 million stake in Beast Industries and an $83 million stake in Octagon Holdings. These positions are classified as “moonshot” investments in Bitmine's broader portfolio.

Stacking operations and strategic activities support growth

A total of 3,040,515 tokens of Bitmine's 4,595,562 ETH are held in stock, worth approximately $6.6 billion. “Annual stock earnings now reach $180 million,” he said, supported by a 7-day yield of 2.81 percent.

The company is also building its own stock platform, the Made in America Verification Network, known as MAVAN. It is expected to launch in early 2026 with three contemporary foreign affairs providers.

Lee explained what full deployment can offer the company. Using the 2.81% 7-day BMNR yield as a baseline, he said, “On balance, ETH stock rewards are $272 million per year.”

A stake in ETH represents 66 percent of the company's total holdings. Bitcoin currently holds more ETH than any other legal entity worldwide.

Also, last week, Bitcoin received 5,000 ETH directly from the Ethereum Foundation to support its core operations.

“Bitmine has acquired ETH to show our support for the EF's goals and operations,” Lee said, adding that the move allowed the foundation to raise capital without selling tokens on the open market.

Separately, Bitmin raised its stake in Eightco Holdings by $80 million. “ORBS is now the only publicly listed equity in the world to give investors exposure to OpenAI,” Lee said, ahead of OpenAI's expected 2026 IPO.

BMNR reported an average daily trading volume of $1.0 billion over the five sessions ending March 13, 2026. Fundstrat data ranks the stock at #105 of 5,704 stocks listed in the US, behind Starbucks and Nike.

Bitcoin ranks second among all global crypto treasuries, trailing only Strategy Inc. with its 738,731 BTC worth $53 billion. The company continues to grow its cryptocurrency asset value per share at an industry-leading rate.