Bitmine Expands Ethereum Holdings to 6.04M ETH, Staking Over 5M Tokens
The company's aggregate treasury reached $15.1 billion as its holdings approached 4.9% of Ethereum's circulating token supply.
At a glance
- What happened
- Bitmine Immersion Technologies grew its Ethereum treasury to 6.04 million ETH, bringing its total crypto and cash assets to $15.1 billion as of Oct. 18.
- Why it matters
- The company now controls 4.9% of Ethereum's circulating token supply and stakes over 5 million tokens to earn $309 million in projected annualized yield.
- Who is affected
- Bitmine shareholders, institutional staking participants on the MAVAN network, and secondary Ethereum spot markets.
- What's next
- The company expects to acquire the remaining tokens needed to fulfill its 5% total supply accumulation objective.
- Primary source
- prnewswire.com: Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.04 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15.1 Billion
Key points
- Bitmine held 6,041,481 ETH as of Oct. 18, representing 4.9% of the 122.1 million total circulating supply.
- The firm actively staked 5,067,309 ETH, generating an estimated $309 million in annualized staking revenue.
- Total corporate holdings reached $15.1 billion, including $582 million in cash and 215 Bitcoin.
Bitmine Immersion Technologies announced on Oct. 19 that its crypto, cash, and marketable securities holdings reached $15.1 billion as of Oct. 18 1. The firm holds 6,041,481 $ETH, representing 4.9% of the circulating 122.1 million ETH token supply, after purchasing 12,535 ETH over the preceding week 1. At the time of writing, ETH traded at $2,395.
According to the corporate disclosure, the treasury sits just short of its stated objective to capture 5% of all issued ETH 1. Beyond its primary token reserves, the company held 215 $BTC, $582 million in cash and marketable securities, a $180 million stake in Beast Industries, and a $74 million position in Eightco Holdings 1. Bitmine previously reported passing the 6 million ETH treasury threshold as part of an accumulation strategy started on June 30, 2025 1.
Institutional Staking Yields
Bitmine stated that 5,067,309 of its tokens—roughly 84% of its ETH balance—were actively staked as of Oct. 18, carrying an aggregate valuation of $12 billion based on a $2,365 spot price 1. Staking operations are managed partly through MAVAN, an institutional validator network deployed earlier in 2026 1. Based on a 7-day annualized yield of 2.58%, Bitmine projected current annualized staking revenue at $309 million, which would reach $369 million if all corporate ETH holdings were fully staked 1.
Bitmine Chairman Thomas Lee attributed recent crypto market softness to macroeconomic de-risking, citing semiconductor selloffs in Asian markets, escalating Middle East geopolitical tensions, and rising sovereign bond yields 1. Despite the broader backdrop, including recent outflows across US spot ETFs, the firm continues weekly token allocations as the largest corporate Ethereum treasury 1.
Sources
- [1] Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.04 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15.1 Billion — prnewswire.com, October 19, 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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