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News · Institutions & ETFs

Bitmine Expands Ethereum Holdings to 6.03M ETH, Reaching 4.9% of Supply

The company holds $16.2 billion across crypto, cash, and venture investments, with over 5 million ETH deployed in staking validators.

▲ Bullish$ETH $2,515 −1.1%$BTC $82,502 −1.6%
October 12, 2026basisdesk.news
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Key point 1 of 3

01

Bitmine holds 6,028,946 ETH, accounting for 4.9% of the total 122.1 million circulating supply.

October 12, 2026basisdesk.news
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Key point 2 of 3

02

The firm has staked 5,067,309 ETH through its MAVAN infrastructure, generating $336 million in annualized yield.

October 12, 2026basisdesk.news
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Key point 3 of 3

03

Total corporate holdings reached $16.2 billion, including $612 million in cash and securities alongside venture stakes.

October 12, 2026basisdesk.news
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Context

Bitmine launched its ETH Treasury Strategy on June 30, 2025, buying tokens weekly to reach a stated target of 5% of circulating supply.

October 12, 2026basisdesk.news
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Why it matters

Concentrates roughly 4.9% of Ethereum's circulating supply within a single corporate balance sheet and commits over 5 million tokens to validator staking.

October 12, 2026basisdesk.news
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What to watch

Accumulation filings tracking the remaining tokens needed to cross the firm's 5% circulating supply threshold.

October 12, 2026basisdesk.news
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Sources

Built from 1 primary source, machine-checked before publication.

  • prnewswire.com
October 12, 2026basisdesk.news
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