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News · Institutions & ETFs

Bitmine Treasury Hits 6.02M ETH as Total Reserves Reach $17.4B

The NYSE-listed firm added 15,112 ETH over the past week, bringing its stake to 4.9% of the circulating supply and generating $363M in projected annualized staking revenue.

▲ Bullish$ETH $2,691 −0.4%$BTC $85,226 −0.1%
October 5, 2026basisdesk.news
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Key point 1 of 3

01

Bitmine holds 6,016,414 ETH, representing 4.9% of circulating supply and bringing total reserves to $17.4 billion as of Oct. 4 .

October 5, 2026basisdesk.news
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Key point 2 of 3

02

The company has staked 5,067,309 ETH—84% of its treasury—yielding an annualized 2.63% and generating $363 million in projected run-rate staking revenue .

October 5, 2026basisdesk.news
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Key point 3 of 3

03

Bitmine acquired 15,112 ETH over the past week, maintaining an unbroken weekly accumulation record initiated on June 30, 2025 .

October 5, 2026basisdesk.news
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Context

Bitmine launched its dedicated ETH accumulation program on June 30, 2025, aiming to hold 5% of the total circulating supply.

October 5, 2026basisdesk.news
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Why it matters

With nearly 5% of supply absorbed and over 5 million tokens locked in staking, Bitmine commands significant validator influence on the Ethereum network while generating…

October 5, 2026basisdesk.news
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What to watch

Chairman Tom Lee delivers a keynote address at Token2049 in Singapore on Oct. 7, 2026, where the firm is expected to detail its ongoing accumulation timeline.

October 5, 2026basisdesk.news
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Sources

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

  • prnewswire.com
October 5, 2026basisdesk.news
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