--- title: "Bitmine Treasury Hits 6.03M ETH as Staked Holdings Reach $12.9B" description: "The company added 12,532 ETH over the past week, bringing its total reserves and cash equivalents to $16.2 billion." url: https://basisdesk.news/news/bitmine-eth-treasury-6-million-tokens-staked published: 2026-10-12T16:31:38.009Z modified: 2026-10-12T16:31:38.009Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [ETH, BTC] tags: [Bitmine, Ethereum, Treasury, Staking, MAVAN] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Bitmine Treasury Hits 6.03M ETH as Staked Holdings Reach $12.9B The company added 12,532 ETH over the past week, bringing its total reserves and cash equivalents to $16.2 billion. ## At a glance - **What happened:** Bitmine Immersion Technologies increased its ETH treasury to 6.03 million tokens, pushing total reserves and cash to $16.2 billion as of Oct. 11 [1]. - **Why it matters:** The company holds 4.9% of all circulating ETH, with over 5 million tokens deployed into staking infrastructure generating over $336 million annually [1]. - **Who is affected:** Bitmine Immersion Technologies, institutional Ethereum staking markets, and NYSE market participants [1]. - **What's next:** Bitmine expects to reach its target threshold of accumulating 5% of the circulating ETH supply [1]. - **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/in/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-302905362.html) — prnewswire.com ## Key points - Bitmine holds 6,028,946 ETH, accounting for 4.9% of the 122.1 million total token supply, alongside 214 BTC and $612 million in cash [1]. - The firm has staked 5,067,309 ETH valued at $12.9 billion, yielding roughly $336 million in annualized network staking revenue [1]. - Treasury purchases continued with 12,532 ETH acquired over the past week, bringing total balance sheet holdings to $16.2 billion [1]. ## Editorial remark - **Context:** Bitmine launched its dedicated ETH accumulation strategy on June 30, 2025, targeting 5% of circulating supply and issuing perpetual preferred stock to fund purchases [1]. - **Impact:** Concentrated institutional custody removes liquid tokens from open spot markets while deploying validator infrastructure capable of generating hundreds of millions in staking rewards [1]. - **Watch:** Tracking the final purchase volume required to reach Bitmine's 5% target and operational updates regarding MAVAN's staking scale [1]. 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](https://basisdesk.news/news/bitmine-eth-treasury-reaches-6-million-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]. ## 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/in/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-302905362.html) — prnewswire.com, 2026-10-12 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai