How much ETH does Bitmine hold?

Bitmine Immersion Technologies holds 5.62 million ETH, equivalent to 4.66% of ETH's 120.7 million-token circulating supply, valued at roughly $9.66 billion at $1,718 per ETH.

What is Bitmine's 'alchemy of 5%' target?

The target refers to Bitmine accumulating 5% of all circulating ETH. The company is currently 93% of the way there and expects to reach the milestone sometime in 2026, according to Chairman Tom Lee.

Why does Tom Lee think it's 'early stages of crypto spring'?

Lee argued that the recent pullback in ETH prices is disconnected from the network's underlying fundamentals and that Bitmine is maintaining an elevated buying pace in response, framing the move as a structural bid rather than a reactive trade.

How much of Bitmine's ETH is staked?

More than 83% of Bitmine's holdings — 4,718,677 ETH — is currently staked, generating a 2.79% seven-day yield and roughly $219 million in annualized revenue, projected to scale to $269 million with the MAVAN validator infrastructure.

How does Bitmine rank among corporate crypto treasuries?

Bitmine is the largest corporate ether holder globally and the second-largest corporate crypto treasury overall, trailing only Strategy's $54 billion bitcoin position.

🔥BULLISH 46d ago

TheBlock

Bitmine Boosts ETH Treasury to 5.62M, Now 93% to 5% Target

Bitmine now holds 4.66% of all ETH and is 93% of the way to its 5% target — the largest corporate ether treasury globally, staking 83% of its stack at a 2.79% seven-day yield.

Zipp Editorial Aggregated from TheBlock

Bitmine Immersion Technologies lifted its ether treasury to 5.62 million ETH after adding 76,881 tokens over the past week, giving the company control of 4.66% of ETH's 120.7 million-token supply and cementing its position as the largest corporate ether holder globally. At $1,718 per ETH, the stack is worth roughly $9.66 billion — second only to Strategy's $54 billion bitcoin treasury among public-company crypto holdings.

Why it matters

Bitmine is 93% of the way to its stated "alchemy of 5%" target, which the company expects to hit sometime in 2026. Chairman Tom Lee framed the sustained buying pace as deliberate, arguing the recent pullback in ETH prices does not reflect the network's underlying fundamentals. "This is not surprising given we believe we are in the early stages of crypto spring," Lee said. The thesis is structural: a public company willing to commit roughly a tenth of ETH's circulating supply to its own balance sheet over a multi-quarter window is a different kind of bid than spot ETF flows, and it carries a longer time horizon.

Market impact

Ether traded at $1,765 on Monday, up 5.87% over 24 hours, though the asset still sits 64.3% below its August 2025 all-time high of $4,946.05. Bitmine reported 4,718,677 ETH — more than 83% of its holdings — currently staked, with a 2.79% seven-day yield translating to roughly $219 million in annualized staking revenue, projected to scale to $269 million via the company's MAVAN validator infrastructure. Beyond ether, the balance sheet includes 204 bitcoin, a $180 million stake in Beast Industries, an $88 million position in Eightco Holdings, and $502 million in cash and marketable securities. BMNR shares closed Friday at $16.11, down 2.48% on the session.

$ETH #Ethereum #CryptoSpring #InstitutionalFlow

Frequently asked questions

How much ETH does Bitmine hold?

Bitmine Immersion Technologies holds 5.62 million ETH, equivalent to 4.66% of ETH's 120.7 million-token circulating supply, valued at roughly $9.66 billion at $1,718 per ETH.
What is Bitmine's 'alchemy of 5%' target?

The target refers to Bitmine accumulating 5% of all circulating ETH. The company is currently 93% of the way there and expects to reach the milestone sometime in 2026, according to Chairman Tom Lee.
Why does Tom Lee think it's 'early stages of crypto spring'?

Lee argued that the recent pullback in ETH prices is disconnected from the network's underlying fundamentals and that Bitmine is maintaining an elevated buying pace in response, framing the move as a structural bid rather than a reactive trade.
How much of Bitmine's ETH is staked?

More than 83% of Bitmine's holdings — 4,718,677 ETH — is currently staked, generating a 2.79% seven-day yield and roughly $219 million in annualized revenue, projected to scale to $269 million with the MAVAN validator infrastructure.
How does Bitmine rank among corporate crypto treasuries?

Bitmine is the largest corporate ether holder globally and the second-largest corporate crypto treasury overall, trailing only Strategy's $54 billion bitcoin position.

Source attribution

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