--- title: "Bitmine Treasury Hits 6.02M ETH as Total Reserves Reach $17.4B" description: "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." url: https://basisdesk.news/news/bitmine-eth-treasury-reaches-six-million-tokens published: 2026-10-05T14:26:56.925Z modified: 2026-10-05T14:26:56.925Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [ETH, BTC] tags: [Bitmine, Ethereum Treasury, Staking, MAVAN, Tom Lee] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # 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. ## 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:** [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](https://www.prnewswire.com/news-releases/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-302897949.html) — prnewswire.com ## 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]. ## Editorial remark - **Context:** Bitmine launched its dedicated ETH accumulation program on June 30, 2025, aiming to hold 5% of the total circulating supply. The strategy mirrors corporate treasury models like MicroStrategy while integrating native validator yield via its MAVAN platform. - **Impact:** With nearly 5% of supply absorbed and over 5 million tokens locked in staking, Bitmine commands significant validator influence on the Ethereum network while generating nine-figure institutional yields. - **Watch:** Chairman Tom Lee delivers a keynote address at Token2049 in Singapore on Oct. 7, 2026, where the firm is expected to detail its ongoing accumulation timeline. 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](https://basisdesk.news/analysis/bitmine-accumulates-six-million-eth-treasury) [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. [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](https://www.prnewswire.com/news-releases/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-302897949.html) — prnewswire.com, 2026-10-05 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai