Bitmine Treasury Expands to 6.04 Million ETH Valued at $15.1B

NYSE-listed Bitmine Immersion Technologies announced on Oct. 19 that its corporate balance sheet reached $15.1 billion across crypto assets, cash, marketable securities, and strategic investments ¹. As of Oct. 18 at 3:00 p.m. ET, the firm held 6,041,481 $ETH valued at $2,365 per token, alongside 215 $BTC ¹. The total accounts for roughly 4.9% of Ethereum's 122.1 million coin circulating supply, bringing the treasury within reaching distance of its target to amass 5% ¹. At the time of writing, $ETH traded at $2,411.

The accumulation follows an addition of 12,535 ETH acquired over the past week, extending a continuous weekly buying streak initiated when the firm launched its digital asset treasury reserve strategy on June 30, 2025 ¹. Beyond its core Ethereum balance, Bitmine held $582 million in cash and marketable securities, a $180 million position in Beast Industries, and a $74 million stake in Nasdaq-listed Eightco Holdings ¹. Earlier reporting tracked Bitmine's treasury crossing the 6 million mark, positioning the corporate vehicle behind only Strategy Inc. in aggregate public digital asset reserves ¹.

Staking Operations and Validator Yields

Alongside balance sheet expansion, Bitmine reported that 5,067,309 ETH—roughly 84% of its digital asset treasury—was deployed in staking contracts as of Oct. 18 ¹. The staked assets represent $12 billion based on the $2,365 reference price ¹. Staking operations run partly via MAVAN (the Made in America VAlidator Network), an infrastructure network launched earlier in 2026 for the treasury and third-party institutional clients ¹.

Bitmine Chairman Thomas "Tom" Lee estimated that the current staked capital yields an annualized revenue run rate of approximately $309 million, referencing a 7-day trailing yield of 2.58% ¹. If the remaining unbonded balance were fully deployed through MAVAN and validator partners, the company projects annual staking rewards of $369 million ¹. Management attributed broader regional crypto market pullbacks to de-risking across tech and semiconductor equities in South Korea and Taiwan, while reiterating its baseline accumulation strategy ¹.