Summary Bitmine holds over six million ETH worth approximately $16.4 billion, representing 4.9% of Ethereum’s supply following its latest token purchases. Staking covers 84% of Bitmine’s Ethe
Bitmine Immersion Technologies holds more than six million ETH and projects $363 million in annualized revenue from its staking operations. According to the company’s Monday announcement, its Ethereum treasury reached 6,016,414 ETH, including 15,112 tokens purchased over the preceding week. Bitmine valued those holdings at approximately $16.4 billion, using an Ethereum price of $2,726 in its October 4 portfolio calculations.
Its treasury represents 4.9% of Ethereum’s reported 122.1 million token supply, bringing the company’s ownership close to the 5% threshold. The latest purchase added to a portfolio whose Ethereum holdings account for most of its reported $17.4 billion asset total.
Bitmine reported staking 5,067,309 ETH through its MAVAN platform and staking partners, representing 84% of its total Ethereum balance. Those staked tokens carried a reported value of $13.8 billion, making staking a substantial component of the company’s treasury operations.
Its annualized revenue projection relies on a seven-day annualized yield of 2.63%, rather than representing income already collected. The remaining 949,105 ETH sits outside the disclosed staking balance, accounting for approximately 16% of the company’s Ethereum treasury.
The announcement combines an update on token purchases with details of how Bitmine deploys most of its Ethereum holdings. Its reported staking balance exceeds five million tokens, while the overall treasury now stands above the six million mark.
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Beyond Ethereum, Bitmine disclosed 214 bitcoin, a $180 million stake in Beast Industries, and $117 million invested in Eightco Holdings. Together, the two corporate investments account for $297 million within the company’s broader collection of crypto, cash, and other holdings.
Additionally, Bitmine reported $643 million in cash and marketable securities, alongside the cryptocurrency balances and investments listed in its statement. These assets contributed to the reported $17.4 billion portfolio total, which extends beyond the value assigned to its Ethereum holdings.
Chairman Tom Lee reiterated the company’s Ethereum outlook, highlighting ETH’s performance against the S&P 500 during the third quarter. According to Lee, Ethereum outperformed the index by 6,832 basis points despite macroeconomic pressures affecting markets throughout the quarter.
He cited a hawkish Federal Reserve, surging oil prices, rising global bond yields, and a general tightening of financial conditions. Lee presented that performance comparison alongside the company’s treasury figures, underscoring Ethereum’s quarterly gains despite the pressures he identified.
Meanwhile, ether traded around $2,711 on Monday, reflecting a 0.37% gain and sitting below the company’s treasury valuation price. Ethereum gained more than 10% over the preceding month and more than 50% across the preceding three months.
Bitmine shares closed Friday at $26.27, down 1.72%, while the company’s disclosure showed further expansion of its Ethereum treasury. Its projected staking income rests on the reported yield and the 84% share of holdings committed to staking.
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