BitMine holds 6.03m ETH, nearing 5% of Ethereum supply

Key points

• BitMine holds 6,028,946 ETH, valued at about $15.3bn at a reference price of $2,544, as of 11 Oct.
• It has staked 5,067,309 ETH, roughly 84% of its treasury, worth $12.9bn and yielding an estimated $336m a year.
• Chairman Tom Lee says BitMine has bought ETH every week since its treasury strategy began on 30 June 2025.

BitMine Immersion Technologies is closing in on 5% of Ethereum's ether supply, Bitcoin.com News reports. The company said on Monday that its treasury holds 6.03 million ETH, or 4.9% of all tokens in circulation, with combined holdings of $16.2bn after 15 months of accumulation.

BitMine added 12,532 ETH in the past week. As of 11 Oct, its holdings were 6,028,946 ETH, worth about $15.3bn at an ether price of $2,544. The wider portfolio includes 214 BTC, $612m in cash and marketable securities, a $180m investment in Beast Industries and an $85m stake in Eightco Holdings. At a supply of 122.1 million ETH, the 5% target needs about 6.105 million tokens, leaving roughly 76,000 ETH to go.

Staking rewards and outlook

The firm has staked 5,067,309 ETH, about 84% of its treasury and $12.9bn at its reference price, generating an estimated $336m a year in rewards. Chairman Tom Lee said that figure could reach $400m once the company's Made in America Validator Network and its staking partners stake all of BitMine's ETH.

Lee said BitMine is positioned to outperform a coming crypto bull market, pointing to tokenisation, wealth transfers, artificial intelligence and corporate treasuries. He noted BMNR fell 3% in the first nine months of 2026 while ether dropped 10%. The stock lost 12.8% over the last five trading sessions but is up more than 55% over three months.

Read the full story on Bitcoin.com News →