Bitmine Stakes $13.8 Billion in ETH as Treasury Tops 6 Million Tokens
The company said it acquired 15,112 ETH last week and now reports 5,067,309 staked ETH, projecting $363 million in annualized staking revenue.
- On Monday, Bitmine Immersion Technologies acquired 15,112 ETH in the week ending October 4, bringing its treasury to 6,016,414 tokens representing 4.9% of the total 122.1 million ETH supply.
- Chairman Thomas "Tom" Lee stated the company has purchased ETH every week since June 30, 2025, pursuing the long-term "Alchemy of 5%" initiative to build the world's largest Ethereum treasury.
- Most of Bitmine's holdings are committed to staking through its MAVAN platform, with 5,067,309 tokens worth $13.8 billion, contributing to total diversified holdings and cash valued at $17.4 billion.
- Bitmine shares outperformed Ethereum by 731 basis points during the first nine months of 2026, while the firm executed a 21 million share buyback this year to support valuation.
- At the upcoming Token2049 conference in Singapore on October 7, Lee will deliver a keynote addressing market conditions and the company's outlook during the current crypto cycle.
15 Articles
15 Articles
Bitmine stakes $13.8 billion in ETH as treasury tops 6 million tokens
Bitmine Immersion Technologies has raised its Ethereum treasury to 6,016,414 ETH after buying another 15,112 tokens over the past week, leaving the company just short of its target to own 5% of Ethereum’s supply. According to Bitmine’s Oct. 5 holdings…
Bitmine Immersion Technologies increased its Ethereum treasury position to 6,016,414 ETH by acquiring an additional 15,112 tokens in the past week. According to the company's asset update dated October 5th, this point represents its own...
BitMine Hits 6.02M ETH as Total Holdings Reach $17.4B
TL;DR BitMine Immersion Technologies increased its Ethereum holdings to 6.02 million ETH, equal to 4.9% of supply, while total crypto, cash, marketable securities and moonshot holdings reached $17.4 billion. The company has 5.07 million ETH staked, representing 84% of its holdings and producing projected annualized staking revenue of $363 million. BitMine acquired another 15,112 ETH ...
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