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Basis Desk
Institutions & ETFs · 1 min read

Bitmine Ether Treasury Reaches 5.9 Million Tokens Worth $15.6B

The company acquired 53,501 ETH over the prior week, staking 86% of its holdings while closing in on its 5% supply target.

Bullish
$ETH $2,708 +0.8% $BTC $84,002 −0.5%

Key points

  • Bitmine holds 5,901,112 ETH representing 4.9% of the asset's total circulating supply as of Aug. 30, 2026.
  • The firm has staked 5,067,309 ETH—86% of its stash—projecting $340 million in annualized revenue at a 2.67% yield.
  • Total crypto, cash, and venture holdings reached $15.6 billion after 65 consecutive weeks of treasury purchases.

Bitmine Immersion Technologies announced its crypto and cash reserves totaled $15.6 billion as of Aug. 30, 2026, driven by a treasury containing 5,901,112 $ETH 1. The position represents 4.9% of Ethereum's total 120.7 million coin circulating supply, bringing the firm within 98% of its targeted 5% accumulation threshold 1. Over the week leading into late August, the company purchased an additional 53,501 ETH, marking 65 consecutive weeks of ether treasury buys since launching the initiative on June 30, 2025 1. At the time of writing, ETH traded at $2,659.

Beyond ether, the company disclosed 211 Bitcoin ($BTC), $541 million in cash and marketable securities, a $180 million stake in Beast Industries, and an $81 million holding in Eightco Holdings 1. Bitmine's combined balance sheet solidifies its rank as the largest corporate ether reserve and the second-largest corporate crypto treasury globally, behind Strategy Inc.'s 840,447 BTC holding 1. The firm's accumulation continues parallel to broader corporate adoption trends, following previously reported treasury expansions by firms like Strategy.

Staking Deployment and Institutional Yield

Bitmine has committed 5,067,309 ETH—roughly 86% of its total ether stockpile—to staking operations, representing $12.7 billion based on an asset price of $2,511 per token 1. The assets are staked primarily through its proprietary platform, the Made in America Validator Network (MAVAN) 1. Bitmine reported a 7-day annualized staking yield of 2.67%, generating projected annualized staking revenue of $340 million, with potential run-rate rewards of $396 million once holdings are fully deployed across validator infrastructure 1.

Bitmine Chairman Thomas Lee cited institutional rotation, tokenization, and regulatory developments—including upcoming legislative consideration of the CLARITY Act—as key drivers supporting the firm's long-term digital asset allocation 1. The firm's stock, which joined the Russell 1000 index on June 26, 2026, posted a five-day average daily trading volume of $1.36 billion as of Aug. 29, 2026 1.

Sources

  1. [1] Bitmine’s Ether Stash Passes 6 Million Tokens as Its Weekly Buying Slows — sec.gov, September 28, 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: hello@basisdesk.news.

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Not financial advice. Basis Desk publishes information, not recommendations. Crypto assets are volatile and you can lose what you invest.