Bitmine Now Holds 4.31% Of Total ETH Supply

Bitmine Immersion Technologies (@BitMNR) has disclosed that its Ethereum holdings have reached 5.21 million $ETH tokens, representing 4.31% of the total circulating supply. The update marks another step in the company's self-described "Alchemy of 5%" strategy, a stated goal of accumulating 5% of all Ethereum in existence.

Treasury Size and NYSE Presence

The company's combined crypto and cash reserves now stand at $13.4 billion, a figure that has grown steadily since Bitmine's strategic uplisting to the @NYSE. Bitmine Immersion Technologies uplisted to the New York Stock Exchange effective April 9, 2026, retaining its ticker symbol BMNR. The move was accompanied by an expansion of its share repurchase program. Bitmine's board unanimously approved an increase of the total repurchase authorization from $1.0 billion to $4.0 billion.

Bitmine's crypto holdings rank it as the number one Ethereum treasury and number two global crypto treasury, behind Strategy Inc. (NASDAQ: MSTR). The firm's accumulation pace has been notable. Bitmine reached the 5 million ETH mark in under a year, reflecting a sustained accumulation strategy rather than opportunistic buying.

MAVAN Staking and Yield Generation

Bitmine currently stakes 4.71 million $ETH through its native MAVAN infrastructure, generating an estimated $352 million in projected annual rewards. Bitmine recently launched MAVAN, the Made in America VAlidator Network, an institutional-grade staking platform that was originally developed to support Bitmine's own Ethereum treasury but intends to expand to serve institutional investors, custodians, and ecosystem partners.

At scale, when Bitmine's ETH is fully staked by MAVAN and its staking partners, the projected ETH staking reward is $352 million annually, based on a 2.91% seven-day BMNR yield. Annualized staking revenues currently stand at $297 million, with further growth expected as more of the treasury is deployed into the network.

Bitmine Chairman Tom Lee has noted that Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and agentic AI systems increasingly needing public and neutral blockchains. The company shows no sign of slowing its accumulation, with the 5% target still firmly in sight.

Sources:
Bitmine Press Release: ETH Holdings Reach 5.18 Million Tokens (PR Newswire)
Bitmine NYSE Uplisting and $4 Billion Buyback Announcement (PR Newswire)
Bitmine Lists on NYSE, Expands $4 Billion Buyback (CoinDesk)