Bitmine now owns 5.9 million ETH worth $15.6 billion

Bitmine Immersion Technologies (NYSE: BMNR) has bought an additional 53,501 Ethereum over the past week, bringing its total holdings to 5,901,112 ETH. That represents 4.9% of the entire Ethereum supply of 120.7 million tokens. The total value of crypto, cash and other investments now stands at $15.6 billion, calculated based on an ETH price of $2.500.

Ethereum is available at OKX and Bybit.

In brief:

• Bitmine bought 53,501 ETH and now holds 5.9 million tokens, representing 4.9% of the total supply
• Of those holdings, 86% is staked, with an expected annual staking yield of $335 million
• The total value of crypto, cash and other investments amounts to $15.6 billion

Bought additional ETH every week since June 2025

Bitmine has been buying additional Ethereum for 65 consecutive weeks, every week since the start of its Ethereum treasury strategy on 30 June 2025. Of the 5.9 million ETH, 5,067,309 tokens have now been staked, representing 86% of the total position. That staked capital represents a value of $12.7 billion.

The expected annual staking yield amounts to $335 million, according to the company, based on a seven-day return of 2.63%. At full scale, that could rise to $390 million per year. Staking is done partly through MAVAN, Bitmine’s own institutional validation platform.

In addition to Ethereum, the company holds 211 Bitcoin, $541 million in cash and marketable securities, a $180 million stake in Beast Industries and an $81 million stake in Eightco Holdings (NASDAQ: ORBS), which offers indirect exposure to OpenAI through its stock exchange listing.

Chairman sees multiple catalysts towards year-end

Chairman Tom Lee states that Ethereum is the best-performing macro investment asset in the third quarter of 2026, with a lead of 5,430 basis points over the S&P 500. Together with Bitcoin and Solana, he says ETH forms the top three of best-performing assets since 30 June.

Lee cites a number of factors he views positively for the rest of 2026, including the planned vote on the CLARITY Act in September, growing interest from Korean investors and what he describes as a bottom in the four-year cycle. He expects institutional parties to buy more crypto in the coming months, partly due to the rise of tokenisation and so-called agentic AI. Earlier we wrote about the rise of the Ethereum price.

Bitmine now ranks 62nd in terms of average daily trading volume in the US, with an average of $1.36 billion over five trading days. The company is thus the largest Ethereum treasury in the world and the second-largest crypto treasury worldwide, after Strategy Inc., which holds approximately 840,447 Bitcoin with a value of around $66 billion.