- Bitmine acquired 52,203 ETH, increasing its total Ethereum holdings to 5.67 million ETH worth about $9.8 billion.
- More than 83% of Bitmine’s Ethereum is staked, with projected annual staking rewards potentially reaching $268 million.
- The company’s total treasury grew to $10.7 billion, making it the largest Ethereum treasury and a major digital asset holder.
Bitmine Immersion Technologies disclosed that it acquired 52,203 ETH during the past week, increasing its cryptocurrency, cash, securities, and equity holdings to $10.7 billion. The update, released with holdings data as of June 21, 2026, showed the company expanded its Ethereum position while continuing its long-term crypto accumulation strategy, according to Chairman Tom Lee.
Ethereum Holdings Continue To Grow
The latest purchase lifted Bitmine’s total Ethereum holdings to 5,672,956 ETH. Based on the company’s figures, those holdings were valued at roughly $9.8 billion using an ETH price of $1,733.
Alongside Ethereum, Bitmine reported ownership of 205 Bitcoin. The company also disclosed a $180 million stake in Beast Industries and a $104 million stake in Eightco Holdings.
In addition, Bitmine held $601 million in cash and marketable securities as of June 21 at 3:00 p.m. ET. According to the company, its Ethereum holdings now represent 4.7% of the total ETH supply, estimated at 120.7 million coins.
As the treasury expands, the company said it has maintained a steady pace of crypto accumulation throughout 2026.
Staking Operation Reaches New Scale
Beyond its treasury growth, Bitmine reported 4,718,677 staked ETH, valued at approximately $8.2 billion. The company stated that more than 83% of its Ethereum holdings are currently staked.
According to Tom Lee, Bitmine’s staking operations generated a 2.73% seven-day yield. Based on that rate, the company projected annualized staking revenue of about $223 million.
Furthermore, Lee said projected annualized staking rewards could reach $268 million once all eligible ETH becomes fully staked through MAVAN and its staking partners.
The company recently launched MAVAN, short for Made in American VAlidator Network. The platform was initially built to support Bitmine’s Ethereum treasury operations.
Recent Capital Raise Supports Expansion
Earlier this month, Bitmine closed an offering of 3.5 million shares of its 9.50% Series A Perpetual Preferred Stock.
The company reported net proceeds of approximately $273.8 million after expenses and underwriting costs. The preferred shares trade on the NYSE under the ticker BMNP, with dividends scheduled for weekly payments under the terms of the offering.
According to Bitmine, its crypto treasury ranks as the largest Ethereum treasury globally and the second-largest digital asset treasury overall, behind Strategy Inc.’s Bitcoin holdings.
