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Basis Desk
Institutions & ETFs · 1 min read

Bitmine Crosses 6 Million ETH in Treasury With $17.2B Total Assets

The NYSE-listed firm added 17,362 Ether over the past week, bringing its treasury to 4.9% of circulating ETH supply.

Bullish
$ETH $2,673 −0.1% $BTC $82,968 −0.5%

Key points

  • Bitmine holds 6,001,302 ETH, accounting for 4.9% of the circulating 122.1 million Ether supply as of Sept. 27 1.
  • Staked Ether reached 5,067,309 tokens, yielding an estimated $358 million in annualized revenue at a 2.62% 7-day rate 1.
  • Aggregate company assets reached $17.2B, including 213 BTC, $672M in cash and securities, and two minority equity positions 1.

Bitmine Immersion Technologies announced its treasury holdings have surpassed 6 million Ether, pushing the company's total aggregate balance of crypto, cash, and strategic investments to $17.2 billion 1. The update shows the New York Stock Exchange-listed firm acquired 17,362 $ETH over the past week, maintaining a continuous weekly accumulation schedule that started on June 30, 2025 1.

As of Sept. 27 at 3:00 p.m. ET, Bitmine held 6,001,302 ETH priced at $2,698 on Coinbase, alongside 213 $BTC, $672 million in cash and marketable securities, and minority equity stakes including $180 million in Beast Industries and $115 million in Eightco Holdings 1. Bitmine's Ether reserve represents 4.9% of the token's circulating 122.1 million supply, placing the company just shy of its stated goal to capture 5% 1. At the time of writing, ETH traded at $2,725.

Institutional Staking Yields Drive Cash Flow

Beyond raw accumulation, Bitmine has committed the majority of its balance sheet to validation infrastructure 1. The company stated that 5,067,309 ETH—about 84% of its aggregate digital asset treasury—is actively staked, primarily via its proprietary Made in America Validator Network (MAVAN) and ecosystem partners 1. Bitmine recorded an annualized seven-day staking yield of 2.62%, generating an estimated $358 million in annualized staking revenue 1. The company projects this figure will expand to $424 million annually once its entire Ethereum reserve is deployed to validators 1.

The scale of its holdings consolidates Bitmine as the largest corporate Ether treasury and the second-largest corporate crypto treasury globally, behind Strategy Inc.'s 845,080 BTC reserve 1. The asset strategy follows prior balance sheet growth tracked in Bitmine Surpasses 6 Million ETH Holdings Valued at $17.2B, while equity turnover ranked the stock 94th among U.S.-listed equities by five-day average dollar trading volume at $1.1 billion per day as of Sept. 25, according to Fundstrat data 1. Chairman Thomas Lee will deliver a keynote address detailing the strategy at Korea Blockchain Week on Sept. 30 1.

Sources

  1. [1] Bitmine Immersion Technologies (BMNR) maakt bekend dat het 6 miljoen ETH-tokens in bezit heeft en dat het totale bezit aan cryptovaluta en contanten en verhandelbare effecten 17,1 miljard USD bedraagt. — PR Newswire, September 29, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: hello@basisdesk.news.

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Not financial advice. Basis Desk publishes information, not recommendations. Crypto assets are volatile and you can lose what you invest.