Українська
Русский
English
Bitmine adds another 71,179 ETH to its crypto reserves
Bitmine Immersion Technologies has acquired more Ethereum ($ETH). According to the company’s report, it purchased 71,179 $ETH over the past seven days.
The organization has effectively shifted to accelerated portfolio accumulation, buying an average of 45,000–50,000 $ETH weekly. At present, the company’s treasury holds approximately ~4.73 million $ETH, representing 3.92% of the total supply.
Asset structure
Chairman of the board Thomas Lee links this activity to the end of the “mini crypto winter” and the effectiveness of digital assets as a hedge during wartime.
On March 25, the company launched the MAVAN institutional staking platform, allocating around 3.14 million $ETH, generating approximately $177 million in annual revenue at a yield of 2.8%.
In addition to cryptocurrencies, Bitmine’s portfolio includes a stake in Eightco Holdings (ORBS) worth $102 million, $200 million in Beast Industries, 197 BTC, and about $961 million in cash.
Deal with the Ethereum Foundation
Bitmine’s accumulation is taking place alongside activity from network developers. On March 30, the Ethereum Foundation also accelerated staking allocations, depositing $46.2 million worth of ETH into a staking contract.
This marked the foundation’s largest recent fund movement.
This was preceded by an over-the-counter (OTC) transaction in which the foundation sold 5,000 $ETH directly to Bitmine for $10.2 million.
OTC transactions allow large players to exchange assets directly without impacting market prices on public exchanges. The proceeds will be used by the foundation for protocol research and community development.
Analogy with the 1987 crash
According to Lee, Ethereum is currently trading at a 22% discount to its realized price of $2,241 — the average price at which all coins last moved on-chain. This metric is often used as an indicator of an asset’s “fair value.”
“Current metrics align with levels seen before the major recovery of 2025,” he noted.
In his analysis, Lee pointed to a 93% correlation between Ethereum’s recent behavior and the performance of the S&P 500 during two historical events: the 1987 crash and the 2011 correction.
“We are at the bottom or exiting the crypto winter,” Lee stated.
See also: "In 2026, Bitcoin reserves at Eric Trump’s mining company surpassed 7,000 BTC"
