BasisDesk

News · Institutions & ETFs

Bitmine Treasury Hits 6.03M ETH as Staked Holdings Reach $12.9B

The company added 12,532 ETH over the past week, bringing its total reserves and cash equivalents to $16.2 billion.

▲ Bullish$ETH $2,511 −1.1%$BTC $82,431 −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 122.1 million total token supply, alongside 214 BTC and $612 million in cash .

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

02

The firm has staked 5,067,309 ETH valued at $12.9 billion, yielding roughly $336 million in annualized network staking revenue .

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

03

Treasury purchases continued with 12,532 ETH acquired over the past week, bringing total balance sheet holdings to $16.2 billion .

October 12, 2026basisdesk.news
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Context

Bitmine launched its dedicated ETH accumulation strategy on June 30, 2025, targeting 5% of circulating supply and issuing perpetual preferred stock to fund purchases .

October 12, 2026basisdesk.news
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Why it matters

Concentrated institutional custody removes liquid tokens from open spot markets while deploying validator infrastructure capable of generating hundreds of millions in staking…

October 12, 2026basisdesk.news
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What to watch

Tracking the final purchase volume required to reach Bitmine's 5% target and operational updates regarding MAVAN's staking scale .

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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