BitMine Hits 6.02M ETH as Total Holdings Reach $17.4B

• BitMine Immersion Technologies increased its Ethereum holdings to 6.02 million $ETH, equal to 4.9% of supply, while total crypto, cash, marketable securities and moonshot holdings reached $17.4 billion.
• The company has 5.07 million $ETH staked, representing 84% of its holdings and producing projected annualized staking revenue of $363 million.
• BitMine acquired another 15,112 $ETH last week and remains close to its stated goal of owning 5% of Ethereum’s total supply.

BitMine Immersion Technologies has expanded its Ethereum treasury to 6,016,414 $ETH, bringing its combined crypto, cash, marketable securities and “moonshot” holdings to $17.4 billion. In the official update, the company valued its Ethereum at $2,726 per $ETH as of October 4 and said the position equals 4.9% of the network’s 122.1 million $ETH supply. BitMine is now within 0.1 percentage point of its stated goal to own 5% of all $ETH, a strategy it calls the “Alchemy of 5%.”

Staking Turns BitMine’s $ETH Treasury Into a Yield Strategy

The company has 5,067,309 $ETH staked, valued at $13.8 billion using the same reference price and representing about 84% of its total $ETH holdings. BitMine said its staking operations generated a seven-day annualized yield of 2.63%, putting projected annualized staking revenue at $363 million. The scale of the staked position turns BitMine’s treasury from a passive $ETH reserve into a revenue-generating operation, reflecting the wider shift among $ETH treasury firms toward staking income.

BitMine also said that if its entire $ETH balance were staked through MAVAN and partner infrastructure, annualized staking rewards could reach approximately $431 million at the same 2.63% yield. MAVAN, launched earlier in 2026, has expanded beyond BitMine’s own treasury to serve institutional investors, custodians and ecosystem partners. The company is increasingly linking its accumulation strategy with institutional staking infrastructure, a model that fits the broader debate around Ethereum treasury companies as public-market vehicles.

The balance sheet extends beyond Ether. BitMine reported 214 BTC, a $180 million stake in Beast Industries, a $117 million stake in Eightco Holdings and $643 million in cash and marketable securities. Chairman Tom Lee said the company acquired another 15,112 $ETH during the past week and has purchased $ETH every week since launching its treasury strategy on June 30, 2025. Continuous accumulation remains the core mechanism behind BitMine’s rapid approach to the 5% target, while its broader portfolio provides additional liquidity and investment exposure.

BitMine describes itself as the largest Ethereum treasury and the second-largest global crypto treasury behind Strategy. Its expansion comes as Ethereum’s institutional ecosystem continues developing around staking, treasury management and infrastructure. The immediate milestone is no longer crossing 6 million $ETH, but whether BitMine completes its 5% supply objective while managing the concentration, staking and market risks created by a treasury of this scale across future crypto market cycles.