Bitmine’s Ethereum treasury reaches 5.9 million ETH, about 5% of total supply
Bitmine boosts Ethereum holdings
Bitmine Immersion Technologies announced that it bought 28,086 ether (ETH) over the past week. The purchase raised its total Ethereum balance to 5,929,198 ETH as of September 7, 2026.
Key figures
- Ethereum holdings: 5.93 million ETH (≈ $14.8 billion at $2,495 per ETH)
- Share of total supply: 4.9 % of the 122 million ETH total
- Staked ETH: 5,067,309 ETH (≈ $12.6 billion), representing 85 % of the balance
- Projected annual staking revenue: $330 million based on a 2.61 % 7‑day yield
- Other assets: 211 BTC, $180 million stake in Beast Industries, $91 million stake in Eightco Holdings, $593 million cash and marketable securities
- Total crypto, cash and other assets: $15.7 billion
Company statement
In a press release, Bitmine said the new ETH balance gives it a 4.9 % stake in the Ethereum network. Chairman Tom Lee noted that ether outperformed the S&P 500 by 5,430 basis points in the third quarter through September 4, and he believes this performance could encourage institutions to increase crypto holdings.
Market context
Ethereum traded at $2,471.92 on the day of the announcement, down 1.39 % from the previous close. Bitmine’s shares closed at $24.97 on the prior Friday, a 5.6 % decline.
What is confirmed
The purchase of 28,086 ETH, the resulting total of 5,929,198 ETH, the 4.9 % share of supply, and the staking details are all confirmed by Bitmine’s official statement. The market price figures and share‑price data are reported by The Block.
Why it matters
Holding nearly 5 % of all Ether gives Bitmine significant influence over the network’s staking ecosystem. The company’s projected staking revenue highlights the growing financial relevance of staking for large holders.
