- Bitmine now holds 5.67 million ETH, nearing its supply target.
- More than 83% of holdings remain staked, generating revenue.
- Total assets reached $10.7 billion alongside strategic investment growth.
Bitmine Immersion Technologies has moved closer to its goal of controlling 5% of Ethereum’s total supply after increasing its treasury holdings to 5.67 million ETH. The latest update places the company among the most influential institutional participants in the Ethereum ecosystem. The company announced on Monday that its Ethereum treasury is now valued at approximately $9.8 billion. With Ethereum trading near $1,733 at the time of reporting, Bitmine’s holdings represent about 4.7% of the network’s 120.7 million token supply.
Chairman Tom Lee said the company remains committed to a consistent accumulation strategy throughout 2026. According to Lee, Bitmine has already achieved roughly 94% of its stated objective of owning 5% of all ETH in circulation. During the past week alone, the company added 52,203 ETH to its balance sheet. Consequently, Bitmine strengthened its position as the largest corporate holder of Ethereum and the second-largest corporate crypto treasury behind Strategy’s Bitcoin reserves.
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Staking Operations Generate Growing Revenue Stream
Bitmine’s latest disclosure also highlighted the increasing role of staking within its broader treasury strategy. More than 4.71 million ETH, representing over 83% of total holdings, is currently staked through the company’s validator infrastructure. According to the company, staking operations generated a seven-day yield of 2.73%. Based on current holdings, Bitmine estimates annualized staking revenue could reach approximately $223 million.
Moreover, management expects that figure to rise to roughly $268 million as staking activity expands through its MAVAN validator platform. This approach allows the company to generate income while maintaining long-term exposure to Ethereum. Lee also pointed to broader developments within digital assets. He stated that tokenization initiatives and advances in artificial intelligence could support future demand for blockchain networks and decentralized infrastructure.
Meanwhile, Ethereum traded around $1,763 on Monday, marking a gain of more than 2% over the previous 24 hours. Even so, the cryptocurrency remains nearly 64% below its all-time high of $4,946 recorded in August 2025. Beyond Ethereum, Bitmine reported ownership of 205 Bitcoin. The company also disclosed a $180 million stake in Beast Industries and a $104 million position in Eightco Holdings. Additionally, it holds approximately $601 million in cash and marketable securities.
Total Assets Surpass $10 Billion
Bitmine reported total crypto assets, strategic investments, cash, and securities of $10.7 billion as of June 21. That figure underscores the scale of the company’s digital asset strategy as it continues expanding its Ethereum position.
Bitmine’s latest purchase has pushed the company within reach of its 5% Ethereum supply target. At the same time, its growing staking operation is creating a substantial revenue source while reinforcing Ethereum’s importance within the firm’s long-term treasury strategy.
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