Bitmine Immersion Technologies’ Ethereum holdings reach 4,874,858 $ETH As of April 12th, equivalent to 4.04% of the circulating supply of 120.7 million units. $ETH. The company valued these holdings at approximately $10.7 billion. $ETH The price was $2,206, and the total cryptocurrency, cash, and other investments were $11.8 billion.
With this update, Bitmine moves closer to its stated goal of capturing 5% of Ethereum’s total supply after nine months of accumulation. The company also said that 3.33 million people $ETH is already staked and generates approximately $212 million in staking revenue annually.
Bitmine Treasury expands as Ethereum holdings exceed 4.8 million people
Bitmine led the latest market update, increasing the financial size of Ethereum with a broader balance sheet that includes cash, Bitcoin, and stocks. Total number of shares held by the company reached $11.8 billion, of which $4,874,858 $ETH198 BTC, $719 million in cash, $200 million in Beast Industries stock, and $85 million in Eightco Holdings stock. At reported levels, Bitmine remains the largest corporate Ethereum treasury, second only to Strategy among corporate crypto treasury holders.
The company also reported purchasing 71,524 units. $ETH With this, Bitmine has achieved approximately 81% of its goal of securing 5% of Ethereum’s circulating supply.
This update comes days after Bitmine moved from NYSE American to the New York Stock Exchange. This is a step the company has combined with the launch of the Made in America Validator Network (MAVAN).
Staking activities add a revenue layer to your Ethereum strategy
Bitmine earned 3,334,637 $ETHor about 68% of the total Ethereum holdings are currently staked. Based on a reported 7-day annualized yield of 2.89%, this staking activity generates approximately $212 million in annual revenue. The company added that if it is full: $ETH Finances are staked annually through MAVAN and partner infrastructure. stake the reward Under the same yield assumption, that could rise to about $310 million.
The company compared its staking returns to the aggregate Ethereum staking rate managed by Quatrefoil. The overall Ethereum staking rate during the same period was 2.73%. Bitmine presented MAVAN as an institutional-grade platform built for external institutional participants seeking internal financial and Ethereum staking exposure.
Ethereum price prediction: Will $ETH Breaks the $2,400 resistance
Ethereum price traded above $2,200 today, remaining bullish after recovering from early 2026 lows. market data showed $ETH It remains above the key $1,800 support zone and still trading below the resistance structure of the descending channel. On the daily chart, the 100-day moving average near $2,400 and the 200-day moving average near $2,900 remain overhead, and the technical situation is focused on: $ETH There is a possibility that the price will break through the short-term resistance level.
On the 4 hour chart, Continuation of Ethereum We respect the uptrend line from the February lows with support near $2,000 and resistance band near $2,400. Momentum indicators showed improvement from February’s decline, but short-term measures returned to neutral after the recent rebound.
ETHUSD Chart |Source: TradingView
The broader Ethereum market also tracking Decreasing supply of exchange holdings. Ethereum’s exchange supply ratio fell to 0.126, the lowest level in years, but the price remained around $2,100 to $2,200. This combination has focused attention on whether falling exchange balances and continued corporate accumulation will further tighten available supply.
