Bitmine's ETH Stash Hits 6.03M Tokens, Staking Revenue Run-Rate Tops $336M
BMNR sits 87% above its 52-week low of $12.8 on light trading volume (0.2× avg).
Summary
Bitmine added 12,532 ETH over the past week, lifting total holdings to 6.03 million tokens — 4.9% of circulating supply and closing in on its stated 5% target. The position is worth about $15.3 billion at $2,544 per ETH. Staked ETH now stands at 5.07 million tokens (84% of holdings), generating an estimated $336 million in annualized staking revenue at a 2.61% seven-day yield; full staking could push that to $400 million. Total crypto, cash, and other investments reached $16.2 billion, including 214 Bitcoin, a $180 million Beast Industries stake, and an $85 million Eightco investment. This follows the September 21 report of 6,001,302 ETH and extends the company's aggressive accumulation strategy. Chairman Tom Lee reiterated the plan to halt purchases at 5% of supply, framing the treasury as a supply-removal mechanism for the expected bull market. He said on October 7 that BitMine will halt ETH purchases once it holds 5% of circulating supply, a target originally expected to take five years but now nearing in about a year, during a bear market. Ethereum's total token supply is 122.1 million.
Updated with a Beincrypto report · What changed
Updates
· SEC 8-K — Bitmine's 8-K confirms 6,028,946 ETH and total crypto, cash, and marketable securities of $16.2 billion as of October 11, 2026.
· Beincrypto — Tom Lee said BitMine will halt ETH purchases once it holds 5% of circulating supply, a target originally expected to take five years but now nearing in about a year.
- Ethereum's total token supply is 122.1 million.
- Tom Lee said on October 7 that BitMine will halt ETH purchases once it holds 5% of circulating supply.
- The company is nearing its 5% ETH target in about a year, during a bear market.
· Bloomingbit — Chairman Tom Lee said the current crypto bull market could become the largest on record, citing tokenization, wealth transfer, supply absorption, and crypto's role in AI.
At the time of this announcement, BMNR was trading at $23.97 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $14.5B. The 52-week trading range was $12.80 to $60.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: CryptoProwl.