Bitmine surpasses 6 million ETH holdings, worth $16 billion
The mining-turned-treasury company now controls nearly 5% of Ethereum's total supply, making it the largest corporate ETH holder on the planet.
Bitmine Immersion Technologies now holds more than 6 million ETH, giving the company exposure to about 4.9% of Ethereum’s total supply. Its combined crypto, cash, marketable securities and “moonshots” holdings exceeded $17 billion as of Sept. 27.
The company’s ETH stash is valued at roughly $16 billion at current market prices. Bitmine also owns 213 Bitcoin, $672 million in cash and marketable securities, a $180 million stake in Beast Industries and $115 million in Eightco Holdings.
Bitmine said it purchased 17,362 ETH during the latest week and has bought Ethereum every week since beginning its treasury strategy in June 2025.
Bitmine has staked more than 5 million ETH, worth about $13.7 billion, since launching MAVAN, its institutional-grade Ethereum staking platform.
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The company reported a seven-day staking yield of 2.6% and projected $358 million in annualized staking revenue. It said that the projected annualized reward could rise to $424 million once its full holdings are staked through MAVAN and its staking partners.