Bitmine Reveals Massive Ethereum Holdings Totaling 5.9 Million Tokens
Bitmine Immersion Technologies has revealed its massive Ethereum holdings, which now total 5.9 million tokens. This represents 4.9% of the total ETH supply. As of August 30, 2026, Bitmine's cryptocurrency holdings are valued at $15.6 billion.
The company acquired 53,501 ETH over the past week and has purchased ETH for 65 consecutive weeks since launching its ETH Treasury Strategy on June 30, 2025. Bitmine has staked 5,067,309 ETH through its MAVAN (Made in America Validator Network) platform, valued at $12.7 billion.
According to the company's press release, Chairman Thomas Lee stated that they have acquired ETH each week since the inception of their treasury strategy. Lee also commented on regulatory developments, including an upcoming CLARITY Act vote scheduled for mid-September.