Overview
- Bitmine possesses 6,001,302 ETH, valued at approximately $16.2 billion, representing 4.9% of the total circulating supply.
- Since June 30, 2025, the company has consistently acquired Ethereum weekly, including a recent purchase of 17,362 tokens worth nearly $47 million.
- Over five million of these tokens are staked, yielding a 7-day annualized return of 2.62%.
Bitmine Immersion Technologies has successfully increased its Ethereum assets to over six million ETH, bringing Tom Lee's company closer to its goal of reaching 5% of the total supply, a target it has pursued since mid-2025.
Recently, the firm acquired 17,362 ETH, valued at just under $47 million based on a price of $2,698 at the time of the press release. As of Friday afternoon, Bitmine held 6,001,302 ETH, equivalent to around $16.2 billion, which is 4.9% of the 122.1 million tokens currently in circulation. Bitmine refers to this target as the "Alchemy of 5%" and claims it is 98% of the way there after 15 months of effort.
When accounting for all its assets, Bitmine's total holdings amount to $17.2 billion, which includes 213 BTC, $672 million in cash and marketable securities, alongside two equity investments categorized as "moonshots"—$180 million in Beast Industries and $115 million in Eightco, the latter being one of the few listed entities providing indirect access to OpenAI.
Staking Operations at Bitmine
Bitmine has staked 5,067,309 ETH, representing 84% of its total holdings, which is valued at $13.7 billion. This staking is primarily conducted through MAVAN, an institutional staking platform developed for its treasury that has since opened to external investors.
With a 7-day annualized yield of 2.62%, Lee estimates that the current staking revenue could reach $358 million annually, potentially increasing to $424 million if all ETH is staked. "Bitmine has staked more ETH than any other entity globally," he stated.
Since launching its acquisition strategy on June 30, 2025, Bitmine has added Ethereum weekly, a commitment Lee describes as "unmatched by any public company worldwide."
Currently, ETH is trading around $2,700, which is well below its peak, yet Lee contends it is the best macro asset performer this quarter, having outpaced the S&P 500 by approximately 67 percentage points since late June.
Myriad: Predict Ethereum's next movement. Click to share your insights.Lee perceives the market as shifting, noting that a crypto bull market commenced in late June. He added, "In our perspective, institutions remain underexposed to crypto and are likely to increase their investments in the latter months of 2026."
Bitmine now holds the largest Ethereum treasury and ranks as the second largest corporate crypto treasury overall, following Bitcoin treasury firm Strategy, which currently possesses 847,666 BTC, valued at roughly $71 billion. Its investors include notable figures such as ARK's Cathie Wood, Founders Fund, Pantera, Kraken, Galaxy Digital, and Bill Miller III.