What to know:
- Bitmine controls 4.7% of Ethereum supply, advancing its long-term corporate treasury strategy through steady accumulation efforts.
- Russell 1000 inclusion may broaden institutional ownership as passive investment funds rebalance portfolios toward Bitmine shares.
- MAVAN supports institutional Ethereum staking while creating a recurring revenue stream from Bitmine’s digital asset holdings.
Bitmine Immersion Technologies has strengthened its position as the world’s largest corporate Ethereum treasury after announcing total holdings of $9.8 billion across crypto assets, cash, marketable securities, and strategic investments.
The company owns 5.70 million ETH, representing 4.7% of Ethereum’s 120.7 million supply, leaving it 94% of the way toward its stated goal of controlling 5% of all ETH.
The announcement is significant because it highlights Bitmine’s strategy of building a large Ethereum treasury alongside its mining operations rather than relying primarily on mining revenue. The company continued buying Ethereum despite an 8% weekly decline in the token’s price, adding 27,084 ETH during the past week.
Chairman Tom Lee said management remains focused on long-term crypto adoption, growing institutional use of blockchain infrastructure, and expanding digital payment systems. Those comments reflect the company’s outlook rather than an independent market assessment.
Source: PR Newswire
Also Read: BitMine Ethereum Treasury Hits $7.56B as Staking Dominates Holdings Strategy
Bitmine Staking Business Gains Institutional Focus
According to Bitmine, 4,879,157 ETH (equivalent to about $7.7 billion with each coin worth $1,569) is currently being staked, which represents more than 85% of its total Ethereum portfolio.
The management estimates an annual yield from staking of approximately $211 million. If all Ethereum positions are placed with MAVAN and its validating peers, staking income could increase to $246 million annually.
Made in America Validator Network (MAVAN), which was started as a service to support the treasury plans of the company and now has developed into an institutional staking solution.
The firm aims to expand its services for custodians, institutions, and ecosystem partners. It is in line with Bitmine’s efforts to generate stable revenues from its ETH holdings.
Bitmine Market Position Draws Investor Attention
On June 26, 2026, Bitmine was included in the Russell 1000 large-cap index. The management is hopeful that with such an inclusion in the index, the institutional ownership will improve because a large number of ETFs and passive mutual funds follow the index.
During the same time frame, the company raised $273.8 million from an issue of preferred stock. It traded as BMNP on the NYSE.
The firm additionally has a $74 million investment in Eightco, which allows investors to indirectly gain access to OpenAI through a public corporation. Some institutional investors backing the company are Cathie Wood, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, MOZAYYX, and Tom Lee.
What happens next?
Investors are interesting to know if the company succeeds in its plan of securing 5% of the total supply of Ethereum by 2026.
In addition, the market will keep an eye on how the company’s staking platform MAVAN grows, if it is able to achieve the forecasted staking income, and if its membership in the Russell 1000 encourages institutional investments. All of these issues will likely define the next development path for Bitmine.
Also Read: Bitmine Holdings Reach 5.67 Million ETH as Assets Hit $10.7 Billion
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