Bitmine BMNR Stock Nears 5% Ethereum Goal As ETH Holdings Reach 5.67 Million Tokens

(MENAFN- Crypto Breaking) Bitmine Immersion Technologies said its ETH holdings reached 5.67 million tokens as of June 21, 2026. The company also reported total crypto, cash, marketable securities, and selected investments of $10.7 billion. Bitmine said its Ethereum position equals about 4.7% of the total ETH supply. The update keeps BMNR positioned as the largest public Ethereum treasury, according to the company.

Bitmine Reports $10.7 Billion in Total Holdings

Bitmine said its crypto holdings included 5,672,956 ETH and 205 Bitcoin. The company valued ETH at $1,733 per token based on Coinbase pricing at the reporting time. It also listed $601 million in cash and marketable securities.

The company included a $180 million stake in Beast Industries and a $104 million stake in Eightco Holdings. Bitmine said Eightco gives investors indirect exposure to OpenAI through one of the few public equity routes available. These holdings formed part of the company's reported $10.7 billion total.

Bitmine also said it owns 4.7% of Ethereum's 120.7 million coin supply. The company continues to target 5% of total ETH supply under its“Alchemy of 5%” plan. Chairman Thomas Lee said Bitmine acquired 52,203 ETH over the past week.

Key Insight

Bitmine reported 5.67 million ETH holdings, equal to 4.7% of Ethereum 's total coin supply today. The company said total crypto, cash, securities, and selected investments reached $10.7 billion this week. Bitmine staked 4.71 million ETH through MAVAN and partners, representing over 83% of holdings now. BMNR raised about $273.8 million from its Series A preferred stock offering this month alone. Bitmine said it acquired 52,203 ETH last week while maintaining its 2026 accumulation strategy plan.

BMNR Expands Ethereum Staking Through MAVAN

Bitmine said it staked 4,718,677 ETH as of June 21. That figure represented more than 83% of its total ETH holdings. The company valued the staked ETH at about $8.2 billion using the same $1,733 ETH price.

The company runs staking through MAVAN, its Made in America Validator Network. Bitmine built MAVAN to support its own Ethereum treasury. The company also plans to expand the platform for institutional investors, custodians, and ecosystem partners.

Lee said Bitmine's current annualized staking revenue stands near $223 million. He also said projected annual staking rewards could reach $268 million when Bitmine fully stakes ETH through MAVAN and partners. Bitmine reported a 2.73% annualized seven-day yield from its own staking operations.

Preferred Stock and Trading Activity Add Context

Bitmine closed an offering of 3.5 million shares of 9.50% Series A Perpetual Preferred Stock on June 10. The company priced the shares at $80 each and received about $273.8 million in net proceeds. The preferred stock trades on the NYSE under the symbol BMNP.

Bitmine said BMNP dividends are scheduled for weekly payment under the terms of the preferred stock. The company also said its board declared seven weekly cash dividends on the outstanding preferred shares. The payment dates depend on the stated record dates for each dividend.

The company also pointed to strong trading activity in BMNR shares. Fundstrat data showed the stock traded about $717 million in average daily dollar volume over four days ending June 18. That placed BMNR at number 219 among 5,704 U.S.-listed stocks by average daily dollar volume.

Bitmine also said Fortune placed the company on its 2026 Fortune 100 Crypto List on June 11. The company described its current position as the largest ETH treasury and the second-largest global crypto treasury behind Strategy. Strategy reportedly holds 846,842 BTC valued at about $54 billion.

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