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Institutions & ETFs · 1 min read

Bitmine Treasury Hits 6.02M ETH as Total Reserves Reach $17.4B

The NYSE-listed firm added 15,112 ETH over the past week, bringing its stake to 4.9% of the circulating supply and generating $363M in projected annualized staking revenue.

Editorial oversight: Julian Mercer, Chief Editor
Bullish
$ETH $2,697 −0.1% $BTC $85,256 −0.1%

At a glance

What happened
Bitmine Immersion Technologies announced its treasury reached 6,016,414 ETH, representing 4.9% of total circulating supply, as part of $17.4 billion in total reserves.
Why it matters
The company has locked 5,067,309 ETH into staking infrastructure, securing $363 million in projected annualized staking revenue.
Who is affected
Bitmine shareholders, Ethereum network validators, and institutional treasury allocators.
What's next
Bitmine Chairman Tom Lee will deliver a keynote address at Token2049 in Singapore on Oct. 7, 2026.
Primary source
prnewswire.com: Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.02 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $17.4 Billion

Key points

  • Bitmine holds 6,016,414 ETH, representing 4.9% of circulating supply and bringing total reserves to $17.4 billion as of Oct. 4 1.
  • The company has staked 5,067,309 ETH—84% of its treasury—yielding an annualized 2.63% and generating $363 million in projected run-rate staking revenue 1.
  • Bitmine acquired 15,112 ETH over the past week, maintaining an unbroken weekly accumulation record initiated on June 30, 2025 1.

Bitmine Immersion Technologies announced that its corporate treasury expanded to 6,016,414 $ETH as of Oct. 4, 2026, representing 4.9% of the token's 122.1 million circulating supply 1. The total valuation of the firm's balance sheet—including crypto, cash, marketable securities, and strategic investments—reached $17.4 billion, according to a company statement released on Oct. 5 1.

The update marks the latest expansion under Bitmine's "Alchemy of 5%" accumulation initiative launched in June 2025, which aims to secure 5% of all circulating ether 1. Bitmine purchased 15,112 ETH over the prior week, continuing its streak of weekly acquisitions since the treasury program began 1. The firm's digital asset holdings build on its previous milestone when Bitmine accumulated over 6 million ETH 1. Beyond ether, Bitmine's balance sheet contains 214 $BTC, $643 million in cash and marketable securities, a $180 million position in Beast Industries, and $117 million in Eightco Holdings shares 1. At the time of writing, ETH traded at $2,720.

Staking Operations and Yield

Bitmine has committed 5,067,309 ETH to staking validators, representing approximately 84% of its aggregate token balance and $13.8 billion based on a benchmark price of $2,726 per ETH 1. The tokens are staked through third-party partners and Bitmine's proprietary Made in America Validator Network (MAVAN) 1.

Bitmine reported an annualized seven-day staking yield of 2.63%, delivering $363 million in projected annualized staking revenue 1. The firm estimated that annualized rewards would rise to $431 million once its entire treasury is deployed across validation infrastructure 1. Institutional backers supporting Bitmine's capitalization include Founders Fund, ARK Invest, Pantera, Kraken, Galaxy Digital, and Digital Currency Group 1.

Bitmine Chairman Tom Lee is scheduled to present a keynote address outlining the firm's market outlook on Oct. 7, 2026, at the Token2049 conference in Singapore 1.

Sources

  1. [1] Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.02 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $17.4 Billion — prnewswire.com, October 5, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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