Bitmine Immersion Technologies disclosed total crypto, cash, and strategic “moonshot” holdings of $9.6 billion as of June 7, 2026, which solidified its position as the largest Ethereum-focused treasury company in the public markets.
The company reported holdings of 5,543,872 ETH, valued at $1,630 per token, alongside 204 BTC, $247 million in cash, a $180 million stake in Beast Industries, and an $88 million position in Eightco Holdings. Bitmine stated that its ETH holdings now represent 4.59% of the total circulating supply of 120.7 million ETH.
The firm said it has moved 92% of the way toward its long-term target known internally as the “Alchemy of 5%,” a strategy focused on accumulating 5% of Ethereum’s supply through sustained purchases and treasury expansion.
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— Bitmine (NYSE-BMNR) $ETH (@BitMNR) June 8, 2026
BitMine provided its latest holdings update for June 8, 2026
$9.6 billion in total crypto + "moonshots":
- 5,543,872 ETH at $1,630 per ETH per ETH (per@coinbase)
- 203 Bitcoin (BTC)
- $200 million stake in Beast Industries @MrBeast
- $88 million stake in…
Aggressive weekly accumulation during market pullback
Bitmine confirmed it acquired 126,971 ETH over the past week. The purchases came during a broader crypto market decline that saw Ethereum prices weaken significantly from prior highs.
Chairman Thomas “Tom” Lee stated that the company increased buying activity due to what it sees as a disconnect between price action and underlying network fundamentals.
“We increased our buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals,” Lee stated. “This is not surprising given we are in the early stages of crypto spring.”
The company’s earlier weekly accumulation figures were lower, highlighting a recent acceleration in treasury deployment as prices softened.
Staked ETH reaches 4.71 million tokens
Bitmine reported that 4,718,677 ETH are currently staked, which represents roughly $7.7 billion in value at the stated price level. The firm indicated that more than 85% of its total ETH holdings are already deployed into staking mechanisms.
The staking operation produces a reported 7-day annualized yield of 2.99%. Based on internal projections, annualized staking revenue is approximately $230 million, with potential growth toward $270 million if MAVAN achieves full deployment.
MAVAN, short for Made in America Validator Network, serves as Bitmine’s institutional-grade staking infrastructure. The platform was initially developed for internal treasury operations but is now positioned to expand toward custodians and external institutional participants.
MAVAN expands institutional staking strategy
Bitmine described MAVAN as a security-focused validator network designed to support high-volume Ethereum staking at scale. A portion of the company’s ETH holdings is already staked through this system.
The firm emphasized resilience and performance as core design priorities, which aligned MAVAN with institutional expectations for staking infrastructure. Bitmine also signaled future expansion of the platform beyond internal usage.
AI-linked thesis and Zcash security incident
Bitmine leadership connected Ethereum’s long-term positioning to recent developments in artificial intelligence systems and blockchain security.
Lee referenced a recent vulnerability found in Zcash after a security audit of the Orchard circuit revealed a flaw that could allow false minting. The issue was patched on June 1.
“The broad selloff in crypto, in our view, is a superficial take,” Lee stated.
He added that improving AI systems will likely expose weaknesses in centralized financial systems and weaker decentralized protocols.
Lee further stated,
“We believe this actually strengthens the use case and product market fit for hardened and reliable decentralized blockchains like ethereum. Thus, we believe ETH prices should not be coming under pressure.”
The comments reflect Bitmine’s position that Ethereum benefits from increased scrutiny and adversarial testing in a more AI-driven technological environment.
Strategic holdings and market positioning
Bitmine disclosed additional exposure through non-ETH assets, including a $88 million stake in Eightco Holdings, which the company describes as offering indirect exposure to OpenAI-linked infrastructure. The firm also holds a $180 million stake in Beast Industries.
Total liquidity and crypto exposure, including cash and ancillary positions, brings Bitmine’s combined holdings to $9.6 billion.
The company also holds 204 BTC, maintaining limited diversification outside Ethereum while preserving ETH as its core treasury reserve asset.
Trading activity and market liquidity
Bitmine remains one of the most actively traded U.S. equities. The stock recorded an average daily trading volume of $829 million over a five-day period, ranking it 148th among more than 5,700 listed U.S. equities.
Its liquidity places it between Workday and Pfizer in trading activity rankings, according to market data cited by Fundstrat research and Statista references.
Institutional investors supporting Bitmine include Ark Invest, Founders Fund, Pantera Capital, Kraken, Digital Currency Group, Galaxy Digital, MOZAYYX, and investor Thomas “Tom” Lee.
Progress toward 5% Ethereum supply target
Bitmine’s long-term strategy centers on accumulating 5% of Ethereum’s circulating supply. The company currently holds 4.59% and expects to reach the full target in 2026.
The accumulation strategy began approximately 11 months ago and has accelerated during periods of market volatility. Bitmine leadership frames the approach as a structural positioning play rather than short-term trading.
The company’s internal messaging continues to emphasize Ethereum as a core reserve asset, supported by staking yield generation and institutional infrastructure development.
Roman Zaika
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