Key facts
- BitMine's Ethereum holdings reached 6,016,414 ETH as of October 4, 2026.
- The company added 15,112 ETH during the latest week, valued at approximately $41 million.
- BitMine's ETH balance represents about 4.9% of the total ETH supply.
- BitMine has staked 5,067,309 ETH, representing 84% of its total holdings.
- Annualized staking revenues are projected at $363 million.
- BitMine holds 214 Bitcoin.
Tom Lee's BitMine has significantly increased its Ethereum holdings, acquiring approximately $41 million worth of the cryptocurrency in the latest week to bring its total ETH balance to over 6.02 million tokens. This move brings the company closer to its strategic goal of owning 5% of the total Ethereum supply, a target dubbed the “Alchemy of 5%.”
As of October 4, 2026, BitMine's Ethereum holdings stood at 6,016,414 ETH. At an ETH price of $2,726, this position was valued at approximately $16.4 billion. The company has been acquiring ETH weekly since initiating its treasury strategy on June 30, 2025.
BitMine has also staked 5,067,309 ETH, representing about 84% of its total holdings, through its platform MAVAN (Made in America Validator Network). The company projects annualized staking revenues of $363 million, with a recent seven-day annualized yield of 2.63%.
Beyond its Ethereum assets, BitMine's total investments, including crypto, cash, and securities, amount to $17.4 billion. This includes 214 Bitcoin, $643 million in cash and marketable securities, a $180 million stake in Beast Industries, and a $117 million position in Eightco Holdings.
Tom Lee expressed optimism about the current crypto market, anticipating a larger bull run than in previous cycles. BitMine's Series A preferred stock trades on the NYSE under the BMNP symbol, and its common shares trade under BMNR.