Key Takeaways:
BitMine acquired 17,362 ETH last week, bringing total holdings to 6,001,302 ETH.
The company now controls roughly 4.9% of Ethereum's total supply.
5,067,309 ETH are staked, generating about $358 million in annualized yield.
BitMine has bought ETH every week since June 30, 2025 — without a single break.
Total crypto, cash, and investments stand at roughly $17.2 billion.
BitMine Immersion Technologies has crossed a major milestone. The Ethereum treasury company disclosed on Monday that it added 17,362 ETH last week, pushing its total holdings past 6 million coins for the first time .
As of September 27, 2026, BitMine holds 6,001,302 ETH, according to a company filing . At an assumed price of $2,698 per ETH, that position is worth roughly $16.2 billion .
The company now owns about 4.9% of Ethereum's total supply of 122.1 million ETH. That puts BitMine roughly 98% of the way toward its stated goal of acquiring 5% of all ETH in existence .
What BitMine Actually Holds
The ETH treasury is the centerpiece, but it's not the only thing on BitMine's balance sheet. The company's total crypto, cash, and "moonshots" holdings add up to roughly $17.2 billion . That includes:
6,001,302 ETH — valued at approximately $16.2 billion
213 BTC — a small but symbolic Bitcoin position
$115 million in Eightco Holdings (ORBS) equity
$180 million in Beast Industries shares
$672 million in cash and marketable securities
The sheer concentration is striking. BitMine is not a diversified crypto fund. It is a concentrated bet on Ethereum — and it has been executing that bet relentlessly.
The Staking Engine
Here's what separates BitMine from Bitcoin treasury companies like Strategy. Ethereum can be staked. Bitcoin cannot.
BitMine has staked 5,067,309 ETH — about 84% of its total holdings — through its proprietary Made in America VAlidator Network, or MAVAN . At $2,698 per ETH, that staked position is worth roughly $13.7 billion .
The company projects annualized staking revenue of approximately $358 million based on its current operations . If BitMine eventually stakes its entire ETH position through MAVAN and its partners, that figure could rise to around $421 million .
That recurring yield is the key difference. Bitcoin treasury companies must sell BTC or issue new equity to fund dividends. BitMine can service its preferred stock dividends partially through staking rewards .
The Weekly Buying Streak
BitMine has bought ETH every single week since launching its treasury strategy on June 30, 2025 . That's nearly 15 months of uninterrupted accumulation.
The pace has varied. In mid-June, BitMine acquired 76,881 ETH in one week . In late August, it added 27,562 ETH . The latest purchase of 17,362 ETH is smaller — but it keeps the streak alive.
Chairman Tom Lee has been explicit about the strategy: BitMine buys ETH regardless of price. In a February filing, he wrote that "the company is acquiring ETH regardless of price trend, as the long-term outlook for Ethereum remains outstanding" .
Why This Matters
The corporate Ethereum treasury trend is young, but it's growing fast. BitMine is by far the largest player. Sharplink holds approximately 888,938 ETH, and The Ether Machine holds around 496,712 ETH, according to Strategic ETH Reserve data cited in recent reports . BitMine's position dwarfs both.
Tom Lee believes the crypto bull market began in late June 2026. He expects institutions that have been underweight crypto to increase exposure in the final months of the year . He also sees tokenization and AI-related on-chain activity as long-term drivers for Ethereum demand .
Whether that thesis plays out is an open question. But one thing is clear: BitMine is betting billions on it.
Frequently Asked Questions
How much ETH does BitMine hold now?
6,001,302 ETH as of September 27, 2026 .
What percentage of Ethereum's supply does BitMine control?
About 4.9% of the 122.1 million ETH supply. The company is targeting 5% .
How much ETH has BitMine staked?
5,067,309 ETH, roughly 84% of its holdings, generating about $358 million in annualized staking revenue .
How long has BitMine been buying ETH?
Every week since June 30, 2025 — nearly 15 months without interruption .
Bottom line: BitMine's latest purchase brings its Ethereum treasury past 6 million ETH, nearly 5% of the entire supply. The company's staking operations generate hundreds of millions in annual yield, and it hasn't missed a weekly purchase in over a year. Whether Ethereum delivers on the bullish thesis is the bet — and BitMine has placed it.
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