Bitmine owns 4.59% of the total ETH coin supply of 120.7 million
Bitmine is 92% of the way to the ‘Alchemy of 5%’ in just 11 months
Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains
Bitmine has 4,718,677 staked ETH, representing $7.7 billion at $1,630 per ETH
MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors, with a focus on security, performance, and resilience
Bitmine owns $88 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI
Bitmine Crypto + Total Cash Holdings + “Moonshots” total $9.6 billion, including 5.54 million ETH tokens, total cash of $247 million, and other crypto holdings
Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock
Bitmine is the 148th most traded stock in the US, trading $829 million per day (5-day avg)
Bitmine remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH
NORWALK, Conn., June 8, 2026 /PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”) a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + “moonshots” holdings totaling $9.6 billion.
As of June 7, 2026 at 3:00pm ET, the Company’s crypto holdings are comprised of 5,543,872 ETH at $1,630 per ETH (per Coinbase NASDAQ: COIN), 204 Bitcoin (BTC), $180 million stake in Beast Industries, $88 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash of $247 million. Bitmine’s ETH holdings are 4.59% of the ETH supply (of 120.7 million ETH).
On May 11, 2026, Bitmine released the latest Chairman’s Message for May 2026.
“Last week, Zcash tumbled after it was revealed Zcash hired a security researcher to audit the Orchard circuit and found a flaw, potentially allowing false minting of Zcash. This flaw was patched on June 1. The broad selloff in crypto, in our view, is a superficial take. As AI systems capabilities improve, the demand for de-centralized and hardened solutions will likely increase, particularly to protect users from agentic systems. AI systems are going to find flaws in centralized financial services rails and weak decentralized protocols. We believe this actually strengthens the use case and product market fit for hardened and reliable decentralized blockchains like ethereum. Thus, we believe ETH prices should not be coming under pressure,” stated Thomas “Tom” Lee, Chairman of Bitmine.
“Over the past week, we acquired 126,971 ETH. We increased our buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals. This is not surprising given we are in the early stages of crypto spring. Bitmine is expected to reach the ‘alchemy of 5%’ sometime in 2026,” stated Thomas “Tom” Lee, Chairman of Bitmine.
Bitmine recently launched MAVAN (the Made in American VAlidator Network), the institutional grade staking platform. While MAVAN was originally developed to support Bitmine’s own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine’s ETH is already staked on the MAVAN platform.
As of June 7, 2026, Bitmine total staked ETH stands at 4,718,677 ($7.7 billion at $1,630 per ETH). “Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $270 million on an annualized basis (using 2.99% 7-day BMNR yield),” stated Lee.
“Annualized staking revenues are now projected at $230 million. And this 4.7 million ETH is over 85% of the 5.54 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.99% (annualized),” continued Lee.
Bitmine’s crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 843,706 BTC valued at $52 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $829 million (5-day average, as of June 5, 2026), ranking #148 in the US, behind Workday Inc. (rank #147) and ahead of Pfizer Inc. (rank #149) among 5,704 US-listed stocks and Fundstrat research.
Bitmine management believes the GENIUS Act and Securities and Exchange Commission’s (the “SEC”) Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
The Chairman’s message can be found here:
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here:
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About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of “the alchemy of 5%,” the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
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