BitMine Nears Ethereum Milestone with Record-Breaking Treasury Holdings

BitMine Immersion Technologies' Ethereum (ETH) treasury has reached an impressive milestone. As of September 7, the company holds 5,929,198 tokens, valued at $15.7 billion. This marks a continuation of its massive ETH buying spree since June 30, 2025, with the most recent purchase adding 28,086 ETH to its stash.

According to the latest 8-K filing, BitMine's overall holdings are comprised of various assets, including cash and marketable securities totaling $593 million. The company's chairman, Tom Lee, has projected annualized staking revenue at $330 million, with a potential rise to $386 million once its ether is fully staked.

It's worth noting that BitMine's ETH holdings represent 4.9% of the total supply, and the company aims to own 5% of all Ethereum tokens. This goal, known as the 'Alchemy of 5%', is nearing completion.

Additionally, BitMine has signed a new advisory agreement with American Validator LLC, an affiliate of Ethereum Tower, for a flat fee of 1.50% of staking rewards on staked ether. This move follows the termination of its previous management services agreement, which collected a revenue participation fee from net staking revenue.

BitMine's holdings also include stakes in Beast Industries and Eightco Holdings (ORBS), with a combined value of $271 million. The company's overall crypto treasury ranks first among corporate ether treasuries and second among all crypto treasuries, behind Strategy (MSTR).