BitMine, the largest Ethereum-focused institutional treasury company led by analyst Tom Lee, announced that its ETH holdings have surpassed 5.93 million, reaching approximately 4.9% of Ethereum’s total supply.
According to data shared by the company, BitMine holds a total of 5,929,198 ETH as of September 7th. Assuming an Ethereum price of $2,495, the total value of these assets is approximately $14.79 billion. Considering that the total supply of Ethereum is approximately 122 million ETH, BitMine alone controls about 4.9% of the circulating supply.
BitMine stated that it added another 28,086 ETH to its portfolio last week, and that it has been regularly buying ETH every week since it launched its Ethereum treasury strategy on June 30, 2025.
In addition to Ethereum, the company’s balance sheet also includes 211 Bitcoin (BTC) and approximately $593 million worth of cash and securities. Including cryptocurrency assets, cash, securities, and other investments, BitMine’s total assets are estimated to be approximately $15.7 billion.
A significant portion of BitMine’s ETH holdings are also used for staking. As of September 7th, the company had staked 5,067,309 ETH, representing approximately 85% of its total Ethereum holdings.
Based on current staking yields, BitMine is expected to generate approximately $330 million in annualized revenue from its Ethereum staking operations.
The company’s average ETH purchase price is around $3,036.
