October 5th 2026, 2:07 PM
Bitmine Staking Pushes ETH Holdings Near 5% Target
Key Summary
Bitmine Immersion Technologies has reached 6.02 million ETH holdings, accounting for 4.9% of the total ETH supply, within 15 months of launching its Ethereum treasury strategy. The company's ETH valuation is $16.3 billion at $2,726 per token. Annualized staking revenue is $363 million, representing 84% of its total ETH position, and is expected to reach $431 million if the entire ETH position is staked. Bitmine's treasury now includes 214 Bitcoin, $643 million in cash and marketable securities, a $180 million investment in Beast Industries, and a $117 million stake in Eightco Holdings.
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Updated ETH Holdings at Bitmine
Bitmine’s Ethereum treasury now represents 4.9% of total ETH supply, while more than 5 million tokens are staked and the company puts annualized staking revenue at $363 million.Staking Push to Reach 5% Target
Bitmine Immersion Technologies has reached 6.02 million ETH tokens, nearly achieving its 5% supply target.#Ethereum#Bitmine#ETH#Staking#Crypto#SEC