BitMine Holds 4.87M ETH (4.04% Supply), Nears 5% Target with $10.7B Treasury

BitMine Immersion Technologies now holds 4,874,858 ETH (4.04% of circulating supply), valued at $10.7 billion at $2,206/ETH, with 68% (3.33M ETH) staked via MAVAN for ~$300M potential annual rewards. This updates April 20 disclosures of 4,976,485 ETH (4.12% supply) in a $12.9B crypto/cash portfolio after acquiring 101,627 ETH the prior week—fastest pace since Dec 2025. Continued buying and staking by the NYSE-uplisted firm tightens ETH liquid supply, bolstering institutional demand and price support.