BitMine nears 5% ETH supply with $11.3B in assets

BitMine now holds 5.77M ETH (4.8% of supply), nearing its 5% goal. Total assets hit $11.3B, with 4.92M ETH staked and $242M in annual staking income, signaling strong institutional interest.

BitMine has boosted its Ethereum holdings by 27,801 ETH in the past week, bringing its total to 5.77 million ETH—about 4.8% of the total Ethereum supply. This move puts BitMine just 4% away from its goal of holding 5% of all ETH. The company’s total assets, including crypto, cash, and marketable securities, now stand at approximately $11.3 billion. This includes $482 million in cash and marketable securities, 206 Bitcoin, $180 million in Beast Industries equity, and a $69 million investment in Eightco Holdings. BitMine has staked 4,917,189 ETH, representing roughly 85% of its Ethereum holdings. This generates an estimated annual staking income of $242 million at a 2.7% yield. The company’s MAVAN infrastructure supports these operations and is being developed for broader institutional use. BitMine’s recent actions highlight growing institutional interest in Ethereum, especially following its inclusion in the Russell 1000 index.