Amid recent heightened volatility in the cryptocurrency market, US-listed Bitmine Immersion Technologies (hereinafter referred to as Bitmine, stock code: BMNR) has once again demonstrated strong investment confidence in Ethereum. According to the company's latest announcement on March 2, 2026, Bitmine significantly increased its holdings by 50,928 Ether (ETH) in the past week, bringing its total holdings to 4,473,587.
The "5% ChainGold Strategy" is progressing steadily, with holdings accounting for 3.71% of the global supply.
Bitmine Chairman Tom Lee stated that despite recent market caution due to geopolitical factors and the "mini Crypto Winter," the company views this pullback as an attractive opportunity to invest. Bitmine adheres to its "Alchemy of 5%" treasury strategy, aiming to acquire 5% of the total global Ethereum supply. With last week's acquisition completed, the company now holds 3.71% of the total ETH supply, achieving 74% of its target in just eight months.
Currently, Bitmine's total assets (including cryptocurrencies, cash, and strategic investments) have reached $9.9 billion. Its ETH holdings are the largest among global corporate holdings, and second only to Strategy, a company focused on accumulating Bitcoin, among all cryptocurrency companies.
Deepening the collateralized investment strategy yielded an annualized return of $172 million.
In addition to simply holding tokens, Bitmine actively optimizes asset returns through staking. As of March 1, 2026, Bitmine had staked over 3.04 million ETH, representing 68% of its total holdings. At a price of approximately $1,976 per ETH, these staked assets are worth about $6 billion, generating an annualized income of approximately $172 million per year.
Bitmine also announced that its self-developed "Made in America Validator Network" (MAVAN) is expected to officially launch in the first quarter of 2026, providing a more secure and efficient staking infrastructure. Once assets are fully transferred to MAVAN and its partner platforms, the annualized staking rewards are expected to further increase to $253 million.
Finally, Tom Lee, through a Bitmine announcement, pointed out that the current market price of Ethereum does not yet reflect its high utility value as the core of "future finance." The company still regards ETH as a primary reserve asset and, drawing parallels to the financial modernization following the end of the Bretton Woods system in 1971, believes that the current digital asset transformation will bring revolutionary changes to the financial system.
