Bitmine Adds 28,086 Ethereum, Controls 4.9% of Supply

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Yayang Syarif Hidayat09 September 2026, 11:25 WIB
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Yayang Syarif Hidayat
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Bitmine’s treasury reached 5.93 million ethereum, with 85% of assets already staked.

JAKARTA – Bitmine Immersion Technologies (NYSE: BMNR), the company with the world’s largest ethereum treasury, added 28,086 ethereum in a week, bringing its ownership to 5,929,198 ethereum, or approximately 4.9% of the asset’s total supply.

Based on Bitmine’s announcement, the company estimates the total ethereum supply at approximately 122 million tokens

Bitmine states that its ownership has now reached approximately 97% of its internal target to control 5% of the ethereum supply, a strategy implemented since initiating its ethereum treasury strategy on June 30, 2025.

Quoting Cointelegraph, the additional 28,086 ethereum is valued at approximately US$69.5 million based on the ethereum price at the time of reporting, although Bitmine did not disclose the actual purchase price for this transaction.

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The company uses a reference price of US$2,495 per ethereum to value its total holdings, making the 5,929,198 ethereum owned worth approximately US$14.8 billion.

Most of Bitmine’s ethereum is not merely held in treasury.

A total of 5,067,309 ethereum, or approximately 85% of its total holdings, has been staked through its Made in America Validator Network (MAVAN) platform and corporate staking partners.

Bitmine estimates staking activities generate annual revenue of approximately US$330 million based on an annualized seven-day yield of 2.61%.

The company stated that the value of the staked ethereum reached approximately US$12.6 billion at the same reference price.

In addition to ethereum, Bitmine holds 211 bitcoin, a US$180 million investment in Beast Industries, US$91 million in Eightco Holdings, and US$593 million in cash and marketable securities.

Total crypto assets, cash, marketable securities, and other investments amounted to approximately US$15.7 billion as of September 7, 2026.

Quoting The Block, Bitmine is the company with the largest ethereum treasury.

Chairman Tom Lee said ether has been one of the top three best-performing crypto assets since late June, alongside bitcoin and solana.

“We believe this paves the way for institutions to increase their crypto asset holdings, given crypto’s significant outperformance of other macro assets throughout the quarter,” Lee said in Bitmine’s official statement on Tuesday (8/9).

This statement represents the view of Bitmine’s management, not an independent projection of ethereum prices.

Bitmine previously operated as a digital asset mining company before shifting its focus to an ethereum treasury strategy in June 2025.

IDNFinancials reported in April 2026 that the company recorded a net loss of US$3.82 billion for the quarter ended February, primarily due to unrealized losses from digital assets.

At that time, Bitmine held approximately 4.87 million ethereum, with about 68% of its holdings staked.

These holdings then increased to approximately 5.4 million ethereum in early June and reached 5.93 million ethereum by September 7, 2026.

Crypto treasury companies’ market cap reaches US$340 billion

Source: www.idnfinancials.com