Bitmine ETH Holdings Surpass 6.02 Million Tokens
Bitmine Immersion Technologies (BMNR) has revealed that its ETH holdings have surpassed 6.02 million tokens, representing 4.9% of the total ETH supply of 122.1 million. The company's total crypto and cash holdings now amount to $17.4 billion, including $643 million in cash and marketable securities. Bitmine's ETH holdings are valued at $2,726 per token, with 5.07 million ETH currently staked, generating an annualized yield of 2.63%.
Tom Lee, Chairman of Bitmine, highlighted the company's consistent buying of ETH, noting that Bitmine has acquired ETH every week since the inception of its ETH Treasury Strategy on June 30, 2025. Lee also pointed out Bitmine's outperformance relative to ETH and the S&P 500 during the third quarter of 2026, despite macroeconomic headwinds. He will deliver a keynote at the Token2049 conference in Singapore on October 7, 2026.
Bitmine's staking platform, MAVAN (Made in America VAlidator Network), has expanded to serve institutional investors, custodians, and ecosystem partners. The company's staking operations are projected to generate $431 million in annualized rewards at full scale. Bitmine remains the largest ETH treasury globally and the second-largest global treasury behind Strategy Inc. (MSTR), which holds 847,666 BTC.
The company believes that the GENIUS Act and the SEC's Project Crypto are transformational for financial services, comparing their impact to the U.S. dollar's departure from the gold standard in 1971. Bitmine's Series A Preferred Stock trades on the NYSE under the symbol BMNP, and the stock has been added to the Russell 1000 Large-cap index.