Bitmine Immersion Technologies is accelerating its exposure to Ethereum (CRYPTO: ETH) by converting a growing share of its Ether holdings into on-chain stake. In the latest disclosures, the company reported a weekly addition of 40,302 ETH, lifting its total ETH holdings to roughly 4,243,338 ETH, and increasing its staked ETH balance by 171,264 ETH to 2,009,267 ETH. Based on a 2.81% Composite Ethereum Staking Rate (CESR) cited by the firm, that stake could generate about $164 million in annualized revenue at the current ETH price. The numbers underscore a broader push among large treasuries to monetize idle crypto assets through staking within the Ethereum ecosystem. Key takeaways Bitmine’s Ether treasury stands at approximately 4.24 million ETH after adding 40,302 ETH in the last week, with 2.01 million ETH staked, highlighting a substantial on-chain yield engine for the company. The staking tranche, using CESR as a baseline, implies around $164 million in annualized revenue at pre...