TLDR:
- Bitmine ETH holdings reached 5.98 million tokens, representing 4.9% of Ethereum’s total supply.
- Bitmine staked 5.07 million ETH, representing about 85% of its total Ethereum holdings.
- The company reported $17.1 billion in combined crypto, cash and investment assets.
- Bitmine purchased another 27,562 ETH as it moves closer to its 5% supply target.
Bitmine ETH holdings reached 5,983,940 tokens as of September 20, 2026, according to a company announcement. The NYSE-listed company, ticker BMNR, reported combined crypto, cash, and investment holdings of $17.1 billion.
Bitmine now controls 4.9% of the 122.1 million ETH supply. It bought 27,562 ETH last week and has purchased ETH weekly since June 30, 2025. The purchases bring the firm 98% of the way toward its 5% ETH supply target within 15 months.
Bitmine ETH Holdings and Staking Position
The company’s crypto holdings include 5,983,940 ETH valued at $2,688 per token, based on Coinbase pricing. Additionally, Bitmine holds 212 BTC, a $180 million stake in Beast Industries, and a $105 million stake in Eightco.
Eightco, listed on NASDAQ as ORBS, offers indirect exposure to OpenAI. Total cash and marketable securities stand at $714 million.
Bitmine has staked 5,067,309 ETH, worth $13.6 billion at the same price. That amount covers 85% of Bitmine ETH holdings. A portion of the stake runs on MAVAN, the Made in America VAlidator Network.
Institutional investors and custodians can also use the platform. According to Chairman Tom Lee, Bitmine has staked more ETH than any other entity.
Projected annualized staking revenue for Bitmine ETH holdings stands at $357 million. If all holdings were staked, projected annual rewards would reach $421 million. The $421 million estimate uses a 7-day annualized yield of 2.62%.
Bitmine ETH holdings remain the largest of any Ethereum treasury worldwide. Its total crypto holdings rank second among global treasuries, behind Strategy.
Furthermore, institutional backers include ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital.
Market Standing and Tom Lee’s Outlook
Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026. Its Series A Preferred Stock trades on the NYSE under the symbol BMNP.
Meanwhile, BMNR averaged $1.2 billion in daily dollar volume over five days through September 18. That ranked the stock 100th among 5,704 US-listed stocks, per Fundstrat.
Lee said Bitmine believes a crypto bull market began in late June. He cited the rotation from AI back to crypto and stronger fundamentals around tokenization and AI.
He also pointed to the end of the four-year cycle. Management compares the GENIUS Act and SEC Project Crypto to the 1971 action that ended Bretton Woods.
Lee said ETH is the best-performing macro asset of the third quarter so far. ETH has outperformed the S&P 500 by 6,519 basis points. He described the gap as a possible prelude to a stronger move in the fourth quarter.
Lee expects institutions to raise their crypto exposure during the final three months of 2026. He said institutions have underweighted crypto this year, partly due to early AI stock outperformance. Separately, Lee will deliver a keynote at Korea Blockchain Week in Seoul on September 30.
