Ethereum Updates: BitMine's '5% Alchemy' Aims for Ethereum Supremacy as Treasury Reaches $11 Billion

BitMine Immersion (BMNR)

for the 2025 fiscal year, fueled by strong and mining performance and effective treasury strategies, as the company revealed intentions to roll out its MAVAN staking platform in early 2026. Headquartered in New York, the company operates in energy-efficient regions in Trinidad and Texas, and — marking the first time a major crypto firm has done so — underscoring its focus on delivering value to shareholders.

The company’s results, featuring a fully diluted EPS of $13.39, highlight BitMine’s leading role in accumulating crypto assets. BitMine currently holds 3.6 million ETH,

at present market rates, making it the world’s largest Ethereum treasury. Chairman Thomas "Tom" Lee in Ethereum’s future potential, despite recent market swings, and detailed plans to expand staking operations through the MAVAN platform. The staking project, with three institutional collaborators, is designed to maximize yield and strengthen validator network reliability ahead of a full-scale launch in the first quarter of 2026.

BitMine’s support from major institutions further cements its leadership in the sector. Notable backers such as ARK’s Cathie Wood, Founders Fund, and Pantera have endorsed the company’s ambition to secure 5% of the total Ethereum supply — a goal Lee refers to as the "Alchemy of 5%"

. The company’s financials also show $607 million in unrestricted cash and a $37 million investment in Eightco Holdings, .

The cryptocurrency sector continues to face obstacles,

and Ethereum experiencing price volatility amid broader market adjustments. Nevertheless, BitMine’s emphasis on expanding its treasury and innovating in staking reflects a wider movement toward institutional involvement. Rivals such as Canaan, a producer of Bitcoin mining equipment, , including a 104% jump in revenue to $150.5 million and a return to positive gross margins.

BitMine’s recent strategic initiatives coincide with increasing regulatory activity.

that would permit federal tax payments in Bitcoin and the SEC’s Project Crypto could significantly alter the industry landscape. In his November address, Lee that greater regulatory certainty and Ethereum’s forthcoming Fusaka upgrade could drive the next wave of crypto expansion.

The company’s annual meeting for shareholders,

, at the Wynn Las Vegas, is expected to cover its staking plans and treasury management. With MAVAN poised to boost Ethereum returns and a broad base of institutional investors, BitMine is positioning itself to benefit from the ongoing evolution of crypto infrastructure and regulation.