Bitmine's latest disclosure shows that the company increased its holdings of Ethereum again last week, with its position now approaching 6 million coins. According to the company, as of late Sunday, it held 5,956,378 ETH, worth approximately $14.89 billion, which accounts for about 4.9% of Ethereum's circulating supply.
The company stated that since the launch of its encrypted treasury strategy on June 30, 2025, Bitmine has been purchasing ETH on a weekly basis. This time, an additional 27,180 units were acquired, which is slightly lower than the 28,086 units purchased in the previous week, yet the overall holding position continues to rise.
Position size is close to the target.
Bitmine The goal previously set was to hold 5% of the total Ethereum supply. According to the latest disclosed data, the company is now very close to achieving this goal.
In addition to ETH, Bitmine also disclosed holding 212 bitcoins, as well as approximately $549 million in cash and securities. The company also holds equity in Beast Industries and Eightco Holdings, with valuations of about $180 million and $98 million respectively.
The company stated that the total value of the aforementioned encrypted assets, cash, securities, and strategic investments amounts to approximately $15.8 billion.
Approximately 85% of ETH has been used for staking.
Bitmine revealed that approximately 85% of the ETH it holds has been pledged, corresponding to around 5.07 million ETH. Calculated at a yield rate of 2.62%, the related annual income is about 334 million US dollars.
The company's chairman, Tom Lee, stated that if all ETH are pledged through MAVAN and partners, the annualized revenue is expected to rise to 392 million US dollars. However, this estimate still depends on changes in token prices and pledge yields.
- Pledged: ETH: Approximately 5.07 million coins
- Pledge yield rate: Approximately 2.62%
- Estimated annual revenue: approximately $334 million
Enterprises continue to increase their holdings of counterfeit cryptocurrencies
Recently, several companies have continued to increase their allocation of crypto assets other than Bitcoin. Reports mention that another Ethereum treasury company, SharpLink, announced in August its plan to pledge $200 million in assets through Lido and obtain staking vouchers that can be used for DeFi applications.
In comparison, Bitcoin Treasury Company Strategy did not continue to buy Bitcoin during the week ending September 13th. As a result, market attention has partially shifted to the allocation pace of corporations towards assets such as ETH and SOL.
Additional information:The company's statement also mentioned that ETH outperformed the S&P 500 index in the third quarter of 2026 up until last Friday, and based on this, Bitmine suggests that institutions may continue to increase their allocation to crypto assets.
