Bitmine ETH treasury bolsters again as Bitmine Immersion Technologies scoops up further Ethereum at market pullback. The firm said crypto, cash, and strategic investments totalled $9.6 billion. It backs its Alchemy of a 5% supply target for 2026.
As per the announcement, the company reported 5,543,872 ETH as of June 7, 2026. That’s approximately 4.59% of Ethereum’s total supply of 120.7 million coins. Over the last week, Bitmine has been purchasing ETH valued at approximately $213 million, with ETH prices maintaining a range close to $1,600.
Also Read: Bitmine STRC Launch Offers 9.5% Yield on 3M Shares
Bitmine Stakes Over 85% of Its Ethereum Holdings
Chairman Thomas Tom Lee stated that the price drop did not affect the fundamentals of Ethereum. One of the reasons for the company’s stance is the tokenization activity on Ethereum, he said. Lee also pointed to the demand for decentralized infrastructure of AI-related applications.
Large staking component to the Bitmine ETH treasury plan. Through MAVAN, the firm has staked over 85% of its staking in Ethereum (ETH), or 4,718,677 ETH. Bitmine’s Made in America VAlidator Network is the platform.
The staked position was worth around $7.7 billion at ETH’s price of about $1,630. Bitmine estimated staking rewards of $270 million per year. The estimate was based on recent seven-day yields of about 2.99%.
The latest Bitmine ETH treasury update followed a larger purchase in late May. On May 26, the company bought 111,942 ETH worth $237 million. The move marked its highest Ethereum purchase since December and brought its total holdings to 5.39 million ETH.
Bitmine ETH Treasury Holds 204 BTC and $247M in Cash
At the time of writing, Ethereum is trading at the price of $1,683. The asset was up about 3.22% over the past 24 hours, according to CoinMarketCap. However, ETH remained far below its earlier 2026 highs above $2,300.
Bitmine also disclosed 204 BTC and $247 million in cash. The company holds equity positions that include $88 million in Eightco Holdings, listed on Nasdaq under ORBS. Bitmine said its Bitmine ETH treasury ranks first globally among Ethereum treasury holders.
The company also said it was the second biggest crypto treasury overall. The overall crypto treasury segment was still led by Strategy, trading under MSTR. BMNR stock showed strong market liquidity, with a five-day average daily trading volume of $829 million.
Institutional investors include Cathie Wood of ARK Invest, Founders Fund, Pantera, Galaxy Digital, and Lee. Their participation brings visibility to the Bitmine ETH treasury strategy. However, the bigger Ethereum stake also exposes the company to price fluctuations and unrealized losses.
Also Read: Ethereum Price Struggles Near $1,500 After Major Support Breakdown
