BitMine added another 9,926 ETH over the past week, lifting its Ethereum holdings to 5.82 million tokens as the company continued expanding its crypto treasury and staking operations.
BitMine Ethereum Holdings Reach 5.82 Million ETH
BitMine said its Ethereum holdings reached 5,815,164 ETH as of August 16. At an ETH price of $1,893, the position was worth about $11 billion. The company estimates that it now controls around 4.8% of Ethereum’s 120.7 million circulating supply.
The latest purchase brings BitMine closer to its stated goal of owning 5% of Ethereum’s supply. Chairman Tom Lee said the company has purchased ETH every week since launching its Ethereum treasury strategy on June 30, 2025.
BitMine also holds 210 Bitcoin alongside its Ethereum position. Its other investments include a $180 million stake in Beast Industries and a $73 million position in Eightco Holdings. Cash and marketable securities totaled $78 million. Combined crypto assets, cash, marketable securities and other investments stood at approximately $11.4 billion on August 16.
BitMine Stakes 87% of Its Ethereum Holdings
The company has staked 5,067,309 ETH, representing about 87% of its total Ethereum holdings. BitMine valued the staked position at roughly $9.6 billion using the $1,893 ETH reference price.
Annualized staking revenue is currently projected at about $250 million. BitMine said its staking operations produced an annualized seven-day yield of 2.61%.
The company launched its Made in America Validator Network, known as MAVAN, earlier in 2026. BitMine developed the platform to support its Ethereum treasury and plans to offer staking infrastructure to institutional investors and other market participants.
Lee said annual staking rewards could reach about $287 million once BitMine fully stakes its Ethereum through MAVAN and other staking partners. That estimate uses the recent 2.61% annualized yield and remains dependent on staking conditions.
BitMine Extends Share Buyback Program
Alongside its ETH purchases, BitMine repurchased 1.7 million common shares during the past week. Cumulative repurchases have now exceeded 20.8 million shares since the beginning of July.
The purchases fall under the company’s previously authorized $4 billion share repurchase program. BitMine said it continues to view its common stock as undervalued.
BitMine remains the largest corporate Ethereum treasury based on its reported holdings. The company said its 5.82 million ETH position puts it 96% of the way toward its target of controlling 5% of Ethereum’s total supply.
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