Bitmine Treasury Hits 6.03M ETH as Staked Holdings Reach $12.9B

Bitmine Immersion Technologies has expanded its digital asset treasury to 6,028,946 $ETH, representing 4.9% of the circulating 122.1 million token supply, the company announced on Oct. 12 ¹. Across its crypto portfolio, cash reserves, and venture holdings, the corporate balance sheet reached $16.2 billion as of Oct. 11 ¹. The firm recently surpassed 6 million ETH tokens as part of its stated initiative to capture 5% of the total circulating supply ¹.

Over the past week, Bitmine purchased 12,532 ETH, continuing consecutive weekly purchases that began when its dedicated treasury strategy debuted on June 30, 2025 ¹. The company's total balance sheet also holds 214 $BTC, $612 million in cash and marketable securities, a $180 million position in Beast Industries, and an $85 million stake in Eightco Holdings ¹. At the time of writing, ETH changed hands at $2,528.

Validator Staking and Credit Benchmarks

Bitmine reported that 5,067,309 ETH—roughly 84% of its overall token cache—is staked, valued at $12.9 billion based on an asset benchmark of $2,544 ¹. The staking operations generate approximately $336 million in annualized revenue under a 2.61% seven-day yield, running in part through its proprietary Made in America Validator Network (MAVAN) ¹. Chairman Thomas "Tom" Lee noted that once Bitmine fully stakes its treasury via MAVAN and partner networks, projected annualized staking rewards would reach $400 million ¹.

Corporate financing initiatives have leaned into dedicated digital asset yields ¹. Bitmine's 9.5% Perpetual Preferred stock (BMNP), which began trading on the NYSE in June, gained 24% to close at $99.53, establishing a 9.56% yield benchmark ¹. Lee characterized digital asset corporate treasuries as permanent sinks removing circulating liquidity from open order books, arguing the trend differentiates the current accumulation cycle from prior periods ¹.