Bitmine Pushes for 5% Ethereum Supply as Crypto Holdings Hit $9.6 Billion

Bitmine Immersion Technologies has made headlines by substantially increasing its Ethereum (ETH) holdings, bringing its total crypto and cash assets to an impressive $9.6 billion. This move reflects the company’s high-conviction strategy to accumulate ETH, even amid a volatile crypto market, while accelerating its ambitions for a leading institutional treasury position.

Key Takeaways

• Bitmine now owns 4.37 million ETH, accounting for 3.62% of all Ethereum in existence.

• The company’s total crypto and cash holdings now exceed $9.6 billion.

• Bitmine holds the largest ETH treasury globally and aims for 5% of total supply.

• 3.04 million ETH are staked, generating annual revenues of up to $252 million at scale.

• Strategic investments include stakes in Beast Industries and other crypto assets.

Bitmine Asserts Dominance as Ethereum Accumulator

Bitmine’s accumulation drive saw the recent purchase of nearly 46,000 ETH, worth about $91 million, as part of a sustained effort to grow its digital asset reserves. The company’s current position—4.37 million ETH—cements it as the world’s largest institutional Ethereum holder, representing a significant 3.62% of the total ETH supply.

The strategic objective is what Bitmine brands as the “Alchemy of 5%”—an ambitious target to control 5% of all Ethereum. Over the last seven months, Bitmine has already achieved more than 72% of that goal, with plans to continue accumulation regardless of market fluctuations.

Staking: Driving New Revenue Streams

Of its vast ETH holdings, Bitmine has allocated 3.04 million coins to staking operations. These staked coins currently generate about $176 million in annual revenue, with projections of up to $252 million when their new staking platform—the Made in America Validator Network (MAVAN)—launches in early 2026. MAVAN is designed to provide robust, institutional-grade Ethereum staking infrastructure, aimed at internalizing fees and boosting yield for Bitmine’s assets.

Diversified Holdings and Strategic Partnerships

While Ethereum is central to Bitmine’s strategy, the company’s $9.6 billion portfolio is diversified:

• $8.7 billion in ETH

• $670 million in cash

• Stakes in Beast Industries and Eightco Holdings

• 193 Bitcoins

Backing from prominent institutional investors, including names like ARK Invest and Pantera Capital, further strengthens Bitmine’s financial position and market credibility.

Trading Volumes and Market Sentiment

Despite the volatility in both the crypto and equity markets, Bitmine has emerged as one of the highest-traded stocks in the US, with a five-day average daily trading volume nearing $900 million. This liquidity highlights the market’s keen interest in Bitmine’s unique approach to digital asset treasury management.

Market watchers note that while the company currently sits on sizeable unrealized losses due to ETH price movements, the long-term strategy remains clear: accumulate and stake ETH as a cornerstone asset, betting on its centrality in the future of digital finance.

Looking Ahead

With MAVAN set for deployment and further ETH accumulation on the horizon, Bitmine positions itself as a bellwether for institutional crypto adoption. Its commitment—unwavering in the face of price swings—signals growing conviction that Ethereum will underpin future financial infrastructure worldwide.

Sources

• Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.371 Million Tokens, and Total Crypto andTotal Cash Holdings of $9.6 Billion, PR Newswire.

• Bitmine’s Expanded Ethereum Treasury Deepens Link Between BMNR Shares And Crypto, Yahoo Finance.

• Bitmine Expands Ethereum Treasury by $91 Million, Eudaimonia and Co.

• BitMine grows Ethereum treasury to 4.37 million ETH, sees $252 million annual staking revenue via MAVAN, The Block.