Bitmine Holdings has grown to $17.1 billion after Bitmine amassed almost 6 million ETH, along with Bitcoin and other financial resources.
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As per the news published by Bitmine Immersion Technologies on September 21, the company was holding 5,983,940 ETH as of September 20. On the basis of the current ETH price of $2,688 on Coinbase, this amount constitutes around 4.9% of the total circulating supply of ETH.
Also, the firm had 212 BTC, $714 million in cash and cash equivalents, an interest of $180 million in Beast Industries, and a share of $105 million in Eightco Holdings. All these assets help bring Bitmine’s crypto assets, cash, and other investments to around $17.1 billion.
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Bitmine Holdings Continues to Grow Through ETH Purchases
According to Bitmine, it added another 27,562 ETH within the last week, which has helped continue its streak of adding to its Ethereum Treasury Strategy each week since it was launched on June 30, 2025.
The latest addition has brought Bitmine closer to the objective of holding 5% of the total supply of Ethereum. According to Bitmine, its strategy has been based around adding more Ethereum into the treasury for long-term investments, as well as generating gains through staking.
The Bitmine holdings are also backed by various institutional investors and individuals, including Cathie Wood from ARK, Founders Fund, Pantera, Kraken, DCG, Galaxy Digital, Bill Miller III, MOZAYYX, and Bitmine Chairman Thomas “Tom” Lee.
More Than 5 Million ETH Already Staked
As of September 20, 2026, Bitmine held 5,067,309 ETH staked, which is worth roughly $13.6 billion based on the company’s estimated price per ETH. This accounts for about 85% of Bitmine’s entire Ethereum portfolio.
The company uses its institutional staking platform called MAVAN, which stands for Made in America Validator Network. MAVAN was first developed to assist Bitmine’s own Ethereum treasury and now is used by institutional players in the ecosystem.
The firm revealed that its staking operations generated 2.62% returns within a week, with annual staking revenues estimated at around $357 million. According to the yield generated by the firm, Bitmine projects its annual staking returns for Ethereum can reach up to $421 million.
Bitmine Strategy Remains Focused on Ethereum
The market performance of Ethereum, according to Thomas Lee of Bitmine, is an indication of increasing institutional interest in the asset. Lee points out strong performance by Ethereum in the third quarter and believes that institutions may increase their crypto portfolio during the last quarter of 2026 as investment activities move towards crypto assets.
Tokenization, artificial intelligence, and cryptocurrency fundamentals are some of the factors through which Thomas Lee sees Ethereum growing in the long run. Lee has also pointed out that institutional crypto investment was relatively low in 2026 as capital was being invested in AI.
The statements mentioned above depict the forward-looking opinion of Bitmine’s management and should not be seen as any guarantees with respect to future market performance and price changes of ETH.
Bitmine has increased its balance as a sign of the strategy of growing its Ethereum Treasury through earning additional profits from staking, as 5 million ETH have already been staked by now.
Bitmine also has Bitcoin, cash, and marketable securities, apart from its stake in Beast Industries and Eightco Holdings. It states that it will continue with the strategy of purchasing 5% of Ethereum’s entire supply and buying ETH every week, treating staking as a key element of the treasury strategy.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
