Bitmine Grabs 3.71% of Ethereum Supply in $8.8B Power Play

Bitmine now controls 3.71% of Ethereum supply, building an $8.8B treasury while expanding staking revenue strategy.

Fridah Kangai
March 3, 2026
8:41 am

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Bitmine secures 3.71% of Ethereum supply in bold move
$8.8 billion Ethereum treasury strengthens corporate crypto dominance
Staking strategy drives millions in projected annual revenue

Bitmine Immersion Technologies has expanded its Ethereum treasury to 4.47 million ETH, securing control of roughly 3.71% of the network’s total supply. The report puts the corporation in the pack of corporate Ethereum ownership. The holdings have an estimated market value of $8.8 billion at an average price of $1,976 per token.

This recent addition solidifies Bitmine’s intention to own up to 5 percent of the total Ethereum supply. The company has added 50,928 ETH in the last one week. It is therefore currently at 27 percent of that long-term target. The size of the ownership makes Bitmine the largest ever known corporate Ethereum treasury in the world. It is also second only to Strategy in Bitcoin reserves among public crypto treasuries.

Recently, the buying window was referred to as a ‘soft market’ by Chairman Tom Lee. Lee says the company saw lower prices as an opportunity, not a threat. According to him, Ethereum is undervalued now because it has yet to be fully utilized in the financial systems. In addition, he indicated that strengthening on-chain activity and infrastructure development would be helpful.

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STaking Strategy Amplifies $8.8B Position

In addition to acquisition, Bitmine has been overweight in staking activities. Mostly, 3,040,483 ETH, which is approximately 68% of the total holdings, is currently staked. The division generates revenue of between $172 million annually, based on a current 2.86% 7-day yield. Further, the Composite Ethereum Staking Rate at Quatrefoil is approximately 2.83%.

The projects conducted by the management might be staked with revenue up to $253 million annually if the total ETH balance is deployed. This growth will be executed as the Made in America Validator Network, which is anticipated to be released at the beginning of 2026. Lee affirmed that the company has three staking providers in place for the rollout.

Ether has traded as low as $1,935 recently, which is below its August 2025 high of $4,946. In the meantime, Lee observed that geopolitical factors, such as U.S. activities with Iran, could affect major financial markets in the short term.

Aside from exposure to Ethereum, Bitmine has invested in Beast Industries at a $200m valuation and in Eightco Holdings at a $14m valuation. In pre-market, shares were trading at close to $18.98. Having taken 3.71 percent of the total Ethereum supply into their possession, Bitmine can now claim the status of a corporate force within the network’s ecosystem.

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