Bitmine’s ETH stash hits 5.98 million tokens as holdings reach $17.1 billion
- Bitmine Immersion Technologies has announced that its Ethereum holdings reached 5.98 million tokens.
- The company’s crypto and cash holdings hit $17.1 billion, leaving it near 5% of Ether’s supply.
- An SEC tokenization order has pushed Ether up by 5.7% and Bitmine stock up by 6%.
Bitmine Immersion Technologies (NYSE: BMNR) has announced that its Ethereum holdings have grown to 5.98 million tokens.
The company’s combined crypto and cash holdings now stand at $17.1 billion, with the Tom Lee-chaired treasury firm just short of controlling 5% of Ether’s supply.
How much Ethereum does Bitmine Immersion Technologies have?
Bitmine Immersion Technologies disclosed in a company release that its Ethereum (ETH) holdings currently sit at 5.98 million tokens. The company also stated that its cash and crypto holdings total $17.1 billion.
A week before the disclosure, on September 14, the firm reported that it had 5,956,378 ETH, after adding 27,180 tokens over the prior seven days, and a $15.8 billion balance sheet. The week before that, Cryptopolitan reported Bitmine picked up 28,086 ETH to reach 5.93 million.
All of Bitmine’s disclosures show that the company’s holdings amount to roughly 4.9% of Ethereum’s 122 million-token supply. The company is close to reaching the threshold Tom Lee, its co-founder and chairman, has nicknamed the “Alchemy of 5%.”
Lee has said the firm has bought Ether every week since it began its treasury strategy on June 30, 2025.
Notably, Ethereum’s value rose by 5.7% over 24 hours to $2,727.39 on Monday morning after the Securities and Exchange Commission issued a September 17 order creating a regulated pathway for tokenized U.S. stocks.
Following that price increase, Bitmine’s stock traded at $27.42, gaining roughly 6%. While its rival SharpLink rose by 5% and Coinbase also gained 6%.
How much is Bitmine making off its ETH holdings?
By September 14, 2026, Bitmine had staked about 85% of its ETH, which is roughly 5.07 million tokens, through its Made in America Validator Network (MAVAN) and a partner.
At a 2.62% yield, the company expects to earn up to $334 million a year from staking. Bitmine could earn up to $392 million if all its ETH were staked.
Cryptopolitan reported that MAVAN was launched in March 2026 as the second stage of Bitmine’s treasury plan. Lee described it at the time as an effort to build “one of the leading staking and on-chain infrastructure platforms globally.”
Cryptopolitan also previously reported on Lee’s argument that Ethereum could outgain Bitcoin over the next few years as tokenization and agentic AI continue to develop. Lee pointed out that there is already more than $12 billion in tokenized U.S. Treasury products settled on the network.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
FAQs
How much Ethereum does Bitmine hold now?
Bitmine said on September 21 that it held 5.98 million ETH, with total crypto and cash holdings of $17.1 billion, up from 5.96 million tokens and $15.8 billion a week earlier.
Why did Bitmine stock rise on September 21?
Bitmine shares rose 6% to $27.42 as Ethereum rallied 5.7% to $2,727.39 following a September 17 SEC order that opened a regulated pathway for tokenized U.S. stocks.
How much of Bitmine's Ethereum is staked?
About 85% of Bitmine's Ether, roughly 5.07 million tokens as of September 14, was staked through its MAVAN platform and partners, with projected annualized revenue of $334 million at a 2.62% yield.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Hannah Collymore
Hannah is a writer and editor with nearly a decade of blog writing and event reporting experience in the crypto space. At Cryptopolitan, Hannah contributes to the news page, reporting and analyzing the latest developments in DeFi, RWA, crypto regulation, AI and frontier tech industries. She graduated from Arcadia university with a degree in Business Administration.
