Bitmine The latest disclosure shows that as of September 13, the company has purchased an additional 27,180 Ethereum in the past week, and ETH the total holding has risen to 5,956,378. Calculated at the Coinbase price of $2,513 used in the text, the value of this asset is close to $15 billion, which accounts for about 4.9% of Ethereum's total supply of 122 million coins.
The company disclosed that it is now just one step away from its goal of holding 5% of ETH across the network. Compared to its holdings of approximately 5.74 million in July, Bitmine has since increased by more than 214,000 ETH. In addition to Ethereum, the company also holds 212 bitcoins, about $549 million in cash and securities, as well as equity investments in Beast Industries and Eightco Holdings.
Pledge scale exceeds 5 million coins.
As disclosed by Bitmine, as of September 7, the company has 5,067,309 ETH that have been pledged, accounting for approximately 85% of the ETH in holdings. Calculated at the same price, the value of these pledged assets is about 12.7 billion US dollars.
The company reports a 7-day annualized pledge yield of 2.62%. If this level remains unchanged, the annualized pledge income would be approximately 334 million US dollars. However, this figure is based on the current yield, and the actual return will still be affected by network activity, the number of verifiers, and changes in Ethereum's issuance rules.
- ETH Total position: 5,956,378 coins
- Pledged: ETH: 5,067,309 pieces
- 7-day annualized pledge yield: 2.62%
MAVAN currently mainly serves the internal treasury.
The company disclosed that the majority of its pledge transactions are completed through the MAVAN platform. MAVAN is fully known as Made in America Validator Network, which was built by Bitmine. It was initially used mainly to support the company's own Ethereum treasury management.
According to a document submitted to the U.S. Securities and Exchange Commission in May of this year by Bitmine, MAVAN has mainly been used internally since its launch in March. The document also mentions that if commercialized pledging services are subsequently opened to institutional clients, custodians, and other external participants, the company will face risks such as competition, customer service issues, verification node downtime, and fines.
Company executives bet on the market at the end of the year
Bitmine The chairman, Tom Lee, believes that the demand for cryptocurrencies in the last few months of 2026 may be driven by several factors. These include the upcoming vote on CLARITY Act by the U.S. Senate, as well as Korean investors increasing their allocation of crypto assets and reducing their exposure to AI stocks.
This bill aims to clarify the structure of the U.S. digital asset market and delineate the regulatory responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Tom Lee considers it one of the potential catalysts, but the advancement of the bill still depends on Senate procedures and cross-party support.
Bitmine Capital Market Advisor Tom DeMark also holds a relatively optimistic view on the后市 for ETH. He stated that Ethereum has remained sideways in August without any downward breaks, and its recent trend may be preparing for the next round of upward movement. The article mentions that ETH returned above $2,500 on September 14th.
Additional information:According to the disclosure standards of Bitmine, the company's overall asset portfolio has reached a scale of 15.8 billion US dollars, with Ethereum positions accounting for the majority. This also means that its balance sheet is relatively sensitive to fluctuations in the price of ETH.
