Bitmine says ETH holdings hit 5.67M tokens, $10.7B

Bitmine says it now holds 5.67 million ETH and $10.7 billion in crypto, cash and securities.

Bitmine Immersion Technologies said on June 22, 2026 that its crypto, cash and marketable securities totaled $10.7 billion, led by 5,672,956 ETH. The company also said it owns 4.7% of Ethereum’s supply and is 94% of the way to its “Alchemy of 5%” target.

What changed

Bitmine said its ETH position rose to 5.67 million tokens, valued by the company at $1,733 per ETH. It also reported 205 BTC, a $180 million stake in Beast Industries, a $104 million stake in Eightco Holdings, and $601 million in cash and marketable securities.

The company said it is staking more than 4.7 million ETH through MAVAN, its Ethereum staking setup, and that the position represents 4.7% of the total ETH supply of 120.7 million tokens. Bitmine said it has reached that level in 11 months.

• 5,672,956 ETH held as of June 21, 2026
• 4,718,677 ETH staked
• 205 BTC on the balance sheet
• Series A preferred stock BMNP raised about $273.8 million net

The company also said its Series A Preferred Stock, ticker BMNP, is trading on the NYSE after a June 10 offering of 3.5 million shares at $80 each. Bitmine said it closed the deal with net proceeds of about $273.8 million.

Why it matters

For crypto traders, the update is a fresh signal that a listed company is still adding ETH at scale rather than trimming exposure. Bitmine is now one of the largest corporate holders of Ether, and its balance sheet is increasingly tied to ETH price moves, staking yield and capital-market access.

For developers and market watchers, the bigger signal is Bitmine’s bet that tokenization and AI will keep pushing demand for blockchain infrastructure. Chairman Tom Lee said the company sees the “best years for crypto” still ahead, which frames Bitmine less as a passive treasury and more as an active ETH accumulation vehicle.

The open question is whether that pace can continue if ETH volatility rises or capital markets tighten. Bitmine says it wants 5% of supply; the market now gets to test whether that target is an accumulation plan or a ceiling.