- Bitmine acquired 126,971 ETH, raising its total holdings to over 5.5 million ETH as part of its treasury strategy.
- The company reports staking 4.7 million ETH via its MAVAN platform, targeting institutional-grade yield generation.
- Bitmine says its ETH exposure equals about 4.59% of total supply, nearing its 5% accumulation target.
Bitmine Immersion Technologies, Inc. expanded its Ethereum holdings over the past week with the acquisition of 126,971 ETH. The company, which focuses on long-term crypto accumulation, reported the purchase as part of its broader treasury strategy as of June 7, 2026. Chairman Tom Lee linked the activity to continued positioning in Ethereum amid changing market conditions.
Weekly ETH Acquisition and Treasury Position
Bitmine stated that the latest purchase of 126,971 ETH adds to its existing Ethereum reserve. The company holds 5,543,872 ETH, 204 BTC, and $247 million in cash. It also includes stakes in Beast Industries and Eightco Holdings as part of its broader asset base.
According to Bitmine, the ETH accumulation reflects its long-term strategy of increasing exposure to Ethereum. The company reported that its total holdings reach $9.6 billion when combining crypto, cash, and equity positions.
Staking Expansion Through MAVAN Platform
Bitmine reported that 4,718,677 ETH is currently staked, valued at approximately $7.7 billion at $1,630 per ETH. This represents over 85% of its total Ethereum holdings. The company stated that its staking activity is conducted through its MAVAN platform, the Made in American Validator Network.
MAVAN supports institutional-grade staking and custody workflows. Bitmine noted that portions of its ETH holdings already operate through this infrastructure. The company projected annualized staking revenue of $230 million based on a 2.99% yield.
Ethereum Exposure and Supply Concentration
Bitmine disclosed that its ETH holdings represent 4.59% of total Ethereum supply, estimated at 120.7 million ETH. The firm is approximately 92% toward its stated “Alchemy of 5%” accumulation target.
Chairman Tom Lee commented on Ethereum’s role in digital markets, referencing staking yield expansion and network usage trends. Bitmine also noted that institutional backing includes investors such as ARK, Pantera, Galaxy Digital, Founders Fund, and others, alongside active stock trading volumes averaging $829 million daily.
