---
title: "Bitmine Ether Treasury Reaches 5.9 Million Tokens Worth $15.6B"
description: "The company acquired 53,501 ETH over the prior week, staking 86% of its holdings while closing in on its 5% supply target."
url: https://basisdesk.news/news/bitmine-ether-treasury-reaches-5-9-million-eth
published: 2026-09-28T15:20:38.843Z
modified: 2026-09-28T15:20:38.843Z
section: Institutions & ETFs
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: bullish
tickers: [ETH, BTC]
tags: [Bitmine, Ethereum, MAVAN, Staking, Treasury, Russell 1000]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# 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.

## 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.

## Editorial remark

- **Context:** Bitmine launched its dedicated ether treasury strategy on June 30, 2025, consistently purchasing tokens weekly to capture a target 5% of the network's outstanding supply.
- **Impact:** With 86% of its balance sheet staked via its MAVAN platform, Bitmine acts as both a corporate accumulator and a major network validator, tightening active liquid supply.
- **Watch:** Execution of remaining purchases to reach the 5% supply milestone, alongside regulatory outcomes concerning the CLARITY Act scheduled for mid-September 2026.

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](https://basisdesk.news/news/strategy-buys-bitcoin-treasury-reaches-847k-btc).

## 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. [Bitmine’s Ether Stash Passes 6 Million Tokens as Its Weekly Buying Slows](https://www.sec.gov/Archives/edgar/data/1829311/000149315226040741/ex99-1.htm) — sec.gov, 2026-09-28

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai