--- title: "Bitmine Grows Ethereum Stash to 6.06 Million Tokens Valued at $13.7 Billion" description: "The company holds 4.9% of the circulating ETH supply and has staked 5.2 million tokens, generating hundreds of millions in projected annualized yield." url: https://basisdesk.news/news/bitmine-eth-holdings-reach-6-million-tokens-treasury published: 2026-11-02T14:41:27.282Z modified: 2026-11-02T14:41:27.282Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: neutral tickers: [ETH, BTC] tags: [Bitmine, Ethereum, corporate-treasury, staking, MAVAN] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Bitmine Grows Ethereum Stash to 6.06 Million Tokens Valued at $13.7 Billion The company holds 4.9% of the circulating ETH supply and has staked 5.2 million tokens, generating hundreds of millions in projected annualized yield. ## At a glance - **What happened:** Bitmine expanded its Ethereum holdings to 6.06 million tokens worth $13.7 billion as of Nov. 1, 2026, comprising 4.9% of circulating supply. - **Why it matters:** The company has locked 5.2 million tokens into validator networks, generating an estimated $358 million in annualized staking income. - **Who is affected:** Bitmine Immersion Technologies, institutional staking partners, and the Ethereum validator network. - **What's next:** Bitmine continues weekly market purchases toward its stated threshold of securing 5% of total circulating ETH. - **Primary source:** [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.06 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.5 Billion](https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-06-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-14-5-billion-302926341.html) — prnewswire.com ## Key points - Bitmine holds 6,060,506 ETH valued at $13.7B as of Nov. 1, representing 4.9% of the total circulating supply [1]. - The company has staked 5,227,037 ETH across its MAVAN validator network and staking partners, yielding $358M in annualized revenue [1]. - Bitmine's total portfolio of crypto, cash, and venture holdings reached $14.5B, maintaining its rank as the largest ETH treasury globally [1]. ## Editorial remark - **Context:** Bitmine initiated its Ethereum treasury program on June 30, 2025, buying tokens every week since to assemble an asset base equivalent to 5% of the total circulating ether supply. - **Impact:** Holding 4.9% of ether supply and staking over 5.2 million tokens concentrates significant network validation and voting weight within Bitmine's MAVAN infrastructure and partners. - **Watch:** The company's weekly acquisition reports as it targets the remaining 0.1% supply threshold to conclude its 'Alchemy of 5%' accumulation campaign. Bitmine Immersion Technologies announced its Ethereum holdings reached 6,060,506 $ETH as of Nov. 1, 2026, putting the firm within striking distance of its stated goal to control 5% of the network's token supply [1]. The position constitutes 4.9% of the 122.2 million circulating ether, following the purchase of 8,573 tokens over the past week [1]. Bitmine previously became the first public entity to [surpass 6 million ETH tokens](https://basisdesk.news/news/bitmine-eth-treasury-reaches-6-million-tokens) [1]. Total assets across digital currencies, cash, marketable securities, and strategic investments reached $14.5 billion as of Nov. 1 at 4:00 p.m. ET [1]. The firm holds $498 million in cash and liquid securities, 216 $BTC, an $82 million position in Eightco Holdings, and a $180 million stake in Beast Industries [1]. According to company calculations that valued ether at $2,261 on Coinbase, the corporate balance sheet remains the largest dedicated ETH treasury globally, ranking second among all corporate crypto treasuries behind Strategy Inc.'s 848,517 bitcoin [1]. At the time of writing, ether changed hands at $2,287. ## Staking Operations and Market Assessment Bitmine disclosed that 5,227,037 tokens—roughly 86% of its ETH reserves—are actively staked, representing $11.8 billion at the Nov. 1 benchmark price [1]. Staking operations take place through the company's Made in America Validator Network (MAVAN) alongside outside staking partners [1]. Bitmine reported projected annualized staking revenue of $358 million based on current deployments and estimated that rewards could hit $415 million annually at full staking capacity, based on a 3.03% seven-day yield [1]. In the update, Bitmine Chairman Thomas Lee addressed the recent $6.3 billion security breach at cryptocurrency exchange Binance, which authorities attributed to North Korea [1]. Lee characterized the market's response as comparatively muted relative to earlier incidents, citing exchange solvency, the lack of decentralized finance contagion, rapid industry containment, and swift attribution by federal investigators as indicators of broader industry resilience [1]. ## Sources 1. [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.06 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.5 Billion](https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-06-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-14-5-billion-302926341.html) — prnewswire.com, 2026-11-02 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai