Bitmine Reaches 96% Milestone in Pursuit of 5% Ethereum Supply Goal
Bitmine Immersion Technologies (BMNR) has reached a significant milestone in its goal to acquire 5% of the total Ethereum (ETH) supply. As of August 9, 2026, the company's ETH holdings stand at 5.81 million tokens, representing 4.8% of the total ETH supply of 120.7 million.
The company has been steadily increasing its ETH holdings since June 30, 2025, and is now 96% of the way to reaching its goal in just 14 months. Bitmine's Chairman, Thomas 'Tom' Lee, stated that the company views easing financial conditions as a tailwind for crypto.
Bitmine has also made significant strides in its staking operations, with 5,067,309 ETH currently staked on the MAVAN platform. This represents $9.8 billion at $1,928 per ETH and is expected to generate an annualized staking reward of $294 million when fully staked.
The company's total crypto holdings, including cash and marketable securities, amount to $11.6 billion, making it the #1 Ethereum treasury and #2 global treasury.