--- title: "Bitmine Treasury Expands to 6.04 Million ETH Valued at $15.1B" description: "The NYSE-listed firm added 12,535 tokens over the past week, bringing its Ethereum holdings to 4.9% of circulating supply." url: https://basisdesk.news/news/bitmine-eth-treasury-6-million-staking-update published: 2026-10-19T14:51:48.576Z modified: 2026-10-19T14:51:48.576Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [ETH, BTC] tags: [bitmine, ethereum, treasury, staking, institutional-crypto] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Bitmine Treasury Expands to 6.04 Million ETH Valued at $15.1B The NYSE-listed firm added 12,535 tokens over the past week, bringing its Ethereum holdings to 4.9% of circulating supply. ## At a glance - **What happened:** Bitmine announced its total holdings reached $15.1 billion, holding 6,041,481 ETH after purchasing 12,535 tokens over the past week. - **Why it matters:** The company controls 4.9% of the circulating Ethereum supply and stakes more than 5 million ETH to generate corporate validator rewards. - **Who is affected:** Bitmine shareholders, Ethereum staking participants, and institutional digital asset treasury observers. - **What's next:** Bitmine continues progress toward its explicit target of holding 5% of the total circulating Ethereum supply. - **Primary source:** [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.04 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15.1 Billion](https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-04-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-15-1-billion-302912189.html) — prnewswire.com ## Key points - Bitmine holds 6,041,481 ETH, representing 4.9% of the total 122.1 million circulating Ethereum supply as of Oct. 18. - The firm staked 5,067,309 ETH valued at $12 billion, generating approximately $309 million in annualized rewards at a 2.58% yield. - Aggregate holdings across crypto, $582 million in cash, and corporate investments totaled $15.1 billion after adding 12,535 ETH in one week. ## Editorial remark - **Context:** Bitmine began its dedicated corporate Ethereum treasury framework on June 30, 2025, consistently purchasing ETH on a weekly schedule toward its designated 5% aggregate circulating supply threshold. - **Impact:** Concentrating 4.9% of the ETH supply within a single corporate entity tightens liquid circulating float while scaling an institutional staking platform with $12 billion in committed capital. - **Watch:** Corporate updates regarding the completion of the 5% supply acquisition goal and the percentage of remaining treasury tokens deployed into validator nodes. 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](https://basisdesk.news/news/bitmine-eth-treasury-reaches-6-million-tokens), 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]. ## Sources 1. [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.04 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15.1 Billion](https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-04-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-15-1-billion-302912189.html) — prnewswire.com, 2026-10-19 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai