BitMine has expanded its Ethereum holdings to 6,028,946 ETH, representing 4.9% of the total circulating supply of 122.1 million tokens. The company values this position at approximately $15.3 billion. Currently, 5,067,309 ETH, or 84% of the total balance, is staked via the MAVAN platform and partners.
The firm projects an annualized staking revenue of $336 million based on a 2.61% seven-day yield, with potential to reach $400 million once full staking is achieved. Beyond Ethereum, BitMine reports holding 214 Bitcoin, a $180 million stake in Beast Industries, and an $85 million stake in Eightco Holdings.
Chairman Tom Lee announced that the company will cease ETH purchases once it reaches a 5% threshold of the circulating supply. While the program was initially planned to span five years, the company is approaching this target after approximately one year of operations.
In the third quarter, Ethereum outperformed the S&P 500 by 6,832 basis points. Despite a 10% decline in ETH value during the first nine months of 2026, BitMine shares (BMNR) saw a smaller decline of 3%, marking an outperformance of 731 basis points.
