--- title: "Bitmine Expands Ethereum Holdings to 6.03M ETH, Reaching 4.9% of Supply" description: "The company holds $16.2 billion across crypto, cash, and venture investments, with over 5 million ETH deployed in staking validators." url: https://basisdesk.news/news/bitmine-eth-treasury-6-million-staking published: 2026-10-12T15:36:32.633Z modified: 2026-10-12T15:36:32.633Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [ETH, BTC] tags: [Bitmine, Ethereum, staking, MAVAN, treasury] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Bitmine Expands Ethereum Holdings to 6.03M ETH, Reaching 4.9% of Supply The company holds $16.2 billion across crypto, cash, and venture investments, with over 5 million ETH deployed in staking validators. ## At a glance - **What happened:** Bitmine Immersion Technologies grew its Ethereum treasury to 6,028,946 ETH, bringing total corporate holdings to $16.2 billion as of Oct. 11, 2026. - **Why it matters:** The company now controls 4.9% of Ethereum's total coin supply and has locked over 5 million tokens in staking validators. - **Who is affected:** Bitmine equity and preferred stockholders, Ethereum validators, and institutional staking participants on MAVAN. - **What's next:** Bitmine plans to acquire the remaining tokens needed to fulfill its 5% circulating supply target. - **Primary source:** [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.03 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $16.2 Billion](https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-03-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-16-2-billion-302905382.html) — prnewswire.com ## Key points - Bitmine holds 6,028,946 ETH, accounting for 4.9% of the total 122.1 million circulating supply. - The firm has staked 5,067,309 ETH through its MAVAN infrastructure, generating $336 million in annualized yield. - Total corporate holdings reached $16.2 billion, including $612 million in cash and securities alongside venture stakes. ## Editorial remark - **Context:** Bitmine launched its ETH Treasury Strategy on June 30, 2025, buying tokens weekly to reach a stated target of 5% of circulating supply. - **Impact:** Concentrates roughly 4.9% of Ethereum's circulating supply within a single corporate balance sheet and commits over 5 million tokens to validator staking. - **Watch:** Accumulation filings tracking the remaining tokens needed to cross the firm's 5% circulating supply threshold. Bitmine Immersion Technologies disclosed that its $ETH holdings reached 6,028,946 tokens as of Oct. 11, representing 4.9% of the circulating 122.1 million ETH supply [1]. The balance brings the firm's total portfolio of crypto, cash, marketable securities, and strategic investments to $16.2 billion [1]. The announcement follows the firm's acquisition of 12,532 ETH over the prior week, keeping its weekly accumulation strategy uninterrupted since its inception on June 30, 2025 [1]. According to the corporate disclosure, Bitmine's balance sheet includes 214 $BTC, $612 million in cash and marketable securities, an $85 million stake in Eightco Holdings, and a $180 million stake in Beast Industries [1]. Bitmine operates the largest corporate Ethereum treasury globally, second only to [Strategy's treasury](https://basisdesk.news/news/strategy-buys-bitcoin-treasury-reaches-847k-btc) in overall digital asset size among publicly traded entities [1]. At the time of writing, ETH traded at $2,529, up 0.6% over 24 hours. ## Institutional Staking Operations The company has allocated 5,067,309 ETH—roughly 84% of its token holdings—to staking through its validator infrastructure, the Made in America Validator Network (MAVAN) [1]. Bitmine Chairman Thomas Lee stated that the staked balance generated $336 million in annualized revenue based on a 2.61% seven-day yield, with full staking capacity expected to yield $400 million annually [1]. Bitmine is targeting ownership of 5% of the total ETH supply, an objective the firm noted it has achieved 99% of within 15 months [1]. The firm previously gained inclusion into the Russell 1000 index on June 26, 2026, and lists its 9.5% Perpetual Preferred stock on the NYSE under BMNP [1]. Institutional backers supporting the accumulation strategy include Founders Fund, Pantera, Kraken, Digital Currency Group, and Galaxy Digital [1]. ## Sources 1. [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.03 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $16.2 Billion](https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-03-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-16-2-billion-302905382.html) — prnewswire.com, 2026-10-12 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai