Bitmine Hits $11.3B in Crypto and Cash Holdings, Owns 4.8% of All ETH

Bitmine Immersion Technologies (NYSE: BMNR) has announced that its total crypto, cash, and marketable securities holdings have reached $11.3 billion, including 5.77 million ETH tokens – representing 4.8% of the total ETH supply of 120.7 million. The company is now 96% of the way to its goal of acquiring 5% of all ETH, a milestone it expects to reach in 2026.

Key Holdings

• 5,770,038 ETH valued at $1,820 each (total ~$10.5B)
• 206 Bitcoin (BTC)
• $482 million in cash and marketable securities
• $180 million stake in Beast Industries
• $69 million stake in Eightco Holdings (NASDAQ: ORBS), providing indirect exposure to OpenAI

Staking Dominance

Bitmine has staked 4,917,189 ETH (85% of its ETH holdings) via its MAVAN (Made in America Validator Network) platform, generating an annualized staking yield of 2.70% (7-day average). Projected annual staking revenues are $242 million, with potential to reach $284 million when fully staked. This makes Bitmine the largest ETH staker in the world.

Institutional Backing & Index Inclusion

• Added to the Russell 1000 Large-cap Index on June 26, 2026, expected to attract hundreds of new institutional investors.
• Series A Preferred Stock (BMNP) trading on NYSE, with weekly dividend payments.
• Supported by top investors including Cathie Wood (ARK Invest), Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Tom Lee.

Robinhood Chain Catalyst

Tom Lee highlighted the Robinhood Chain L2 mainnet (built on Arbitrum) as a major driver for ETH adoption. With 27 million users paying gas fees in ETH, he believes "everyday users are starting to see ETH as money."

Regulatory Optimism

Management views the GENIUS Act and SEC's Project Crypto as transformative for financial services, comparable to the end of Bretton Woods in 1971.

Bitmine remains the #1 Ethereum treasury and #2 global crypto treasury (behind Strategy Inc.'s Bitcoin holdings).