Bitmine Immersion Technologies has expanded its Ethereum holdings by acquiring an additional 44,000 ETH, bringing its total to 4.11 million ETH. This acquisition increases Bitmine's share of the Ethereum supply to 3.41%. The company aims to control 5% of the total Ethereum supply by 2026. With $100 million in cash reserves, Bitmine plans to launch the MAVAN staking network, which is projected to generate over $37.4 million in annual rewards. The decision on the 5% Alchemy strategy will be made by shareholders in January 2026, as Bitmine continues to progress towards its ambitious target.