BitMine adds more ETH and stakes most of it
BitMine Immersion Technologies bought another 28,086 ETH, extending a weekly buying plan that began with its Ethereum treasury strategy in June 2025. The purchase lifted total holdings to 5.929 million ETH, worth about $14.78 billion at the time of writing.
The company has staked 5.067 million ETH through its Made in America Validator Network. That is roughly 85% of its Ethereum holdings. BitMine estimates the staked position generates $330 million in annualized staking revenue.
Staking lets ETH holders help secure Ethereum and validate transactions. In return, they can earn rewards. For a treasury company, that can turn idle assets into recurring income. But the figure is an estimate. Returns depend on network conditions, validator performance, and how much ETH is staked across the network. So the $330 million is not guaranteed.
Staking income adds to ETH price exposure
BitMine’s approach differs from treasury firms that simply hold crypto and wait for price gains. It keeps direct exposure to ETH while also trying to earn yield from the asset. That mix can help revenue, though it also ties the company more closely to Ethereum’s network and market.
The company remains positive on ETH after its recent consolidation. It pointed to Tom DeMark, founder of DeMark Analytics and a capital-markets adviser to BitMine, who thinks ETH may resume its earlier rally. DeMark noted that Ether moved sideways in August without breaking lower. He also said a 12-day technical measure expired, which he viewed as support for a renewed uptrend. Last week’s sharp one-day gain may have been an early signal, he added. Still, price needs to clear overhead resistance before a sustained continuation is confirmed.
Other assets sit behind Ethereum
Ethereum makes up most of BitMine’s digital-asset treasury, but it holds other investments too. The portfolio includes 211 BTC, a $180 million stake in Beast Industries, $91 million in Eightco Holdings shares, and $593 million in cash and marketable securities. That cash position could fund more ETH purchases or staking infrastructure. Bitcoin and public-company holdings add some diversification. Even so, Ethereum remains the main driver of the treasury strategy and market valuation.
Technical outlook: ETH holds above major averages
ETH trades above its 20-, 50-, 100-, and 200-day exponential moving averages. That supports a bullish medium-term view. The shorter-term averages sit between about $2,204 and $2,395, giving several layers of support below the current price. The horizontal level at $2,431 is the immediate floor. The Relative Strength Index is in the low 60s, and the Stochastic oscillator is in the middle-to-upper part of its range, suggesting positive momentum without extreme overbought conditions.
ETH faces immediate resistance at $2,544. A daily close above that level would strengthen the bullish case and open a path toward $2,626. Next resistance is near $2,786. If ETH fails at $2,544, it could retest support at $2,431. The 20-day EMA near $2,395 and the 200-day EMA around $2,251 are key support levels. A deeper correction could expose floors near $2,172 and $1,961.
