Analysis · Institutions & ETFs
The NYSE-listed firm now controls 4.9% of the total Ethereum supply, bringing its total crypto, cash, and marketable securities holdings to $17.2 billion.
Key point 1 of 3
01
Bitmine holds 6,001,302 ETH, representing 4.9% of the total circulating supply of 122.1 million tokens as of September 27, 2026.
Key point 2 of 3
02
The company has staked 5,067,309 ETH via its MAVAN platform, generating an annualized 7-day yield of 2.62% and $358 million in projected revenue.
Key point 3 of 3
03
Bitmine's total holdings of crypto, cash, and marketable securities reached $17.2 billion, making it the largest corporate ETH treasury globally.
Context
Bitmine launched its ETH Treasury Strategy on June 30, 2025, purchasing digital assets weekly for 15 months to build the world's largest corporate Ethereum reserve.
Why it matters
Bitmine's massive accumulation reduces the liquid circulating supply of ETH, while its MAVAN platform establishes a major US-based institutional staking hub.
What to watch
Tom Lee will deliver a keynote address at Korea Blockchain Week on September 30, 2026, which may provide further details on institutional crypto trends.
Sources
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