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- Bitmine reported total crypto, cash, and investment holdings worth $9.8 billion.
- The company holds 5.7 million ETH, equal to about 4.7% of Ethereum’s total supply.
- The firm continues expanding its Ethereum treasury and staking business for long-term growth.
Bitmine Immersion Technologies has expanded its digital asset portfolio after reporting total crypto, cash, and strategic investment holdings worth $9.8 billion. The company remains focused on building long-term value through Bitcoin, Ethereum, cash reserves, and selected investments.
It also continues to strengthen its position in institutional blockchain services. As of June 28, 2026, Bitmine held 5,700,040 ETH valued at about $1,569 per coin. The company also owned 206 Bitcoin, $555 million in cash and marketable securities, a $180 million stake in Beast Industries, and a $74 million investment in Eightco Holdings.
Together, these assets pushed Bitmine’s total holdings close to $9.8 billion. The company’s Ethereum reserve now equals about 4.7% of the total ETH supply, making it the largest Ethereum treasury in the world.
Ethereum Holdings Continue to Increase
Bitmine purchased another 27,084 ETH during the past week as part of its steady accumulation strategy throughout 2026. The latest purchase came despite an 8% decline in Ethereum’s price during the same period.
The company believes blockchain technology will play a larger role as financial institutions modernize payment systems and digital infrastructure. It also expects artificial intelligence applications to increase demand for crypto-based payment networks.
Management sees these trends as major drivers of long-term growth for the digital asset industry. Bitmine also strengthened its market position through several milestones during June. The company joined the Russell 1000 Large-cap Index following the annual index reconstitution.
This inclusion could increase institutional ownership because many index funds and exchange-traded funds track the benchmark. Earlier in the month, Bitmine completed a preferred stock offering that generated about $273.8 million in net proceeds.
The preferred shares trade on the New York Stock Exchange under the symbol BMNP and include weekly dividend payments under the offering terms.
Bitmine Expands MAVAN Ethereum Staking Platform
Bitmine continues to develop MAVAN, its institutional Ethereum staking platform. The service first supported the company’s own Ethereum treasury but now aims to provide staking services for institutional investors, custodians, and blockchain partners.
The company has already staked 4,879,157 ETH worth about $7.7 billion at current prices. This represents more than 85% of its total Ethereum holdings. Management projects annualized staking revenue of about $211 million using its current yield.
Full deployment across MAVAN and partner platforms could increase annual staking rewards to about $246 million. Bitmine also earned a place on the Fortune 100 Crypto List during June, reflecting its growing influence in the blockchain sector.
The company remains the world’s largest Ethereum treasury and the second-largest crypto treasury overall. Management plans to continue expanding its digital asset holdings while supporting long-term institutional adoption of blockchain technology.
Also Read: Strategy Buys 520 BTC as Cash Reserves Jump to $1.4 Billion
