Physical Ethereum coin photographed for a BitMine Ethereum treasury story.

BitMine Now Holds 5.54 Million ETH and Is Closing In on 5% of Supply

By Isaac • June 8, 2026 5:20 pm • Comments

BitMine Immersion Technologies said on June 8, 2026 that its Ethereum holdings reached 5,543,872 ETH.

That figure now represents 4.59% of the entire Ethereum supply, which the company called 92% progress toward its stated 5% target.

BitMine acquired 126,971 ETH over the prior week. Cointelegraph reported that was the company’s largest single-week ETH purchase of 2026.

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Ethereum ranked second by market capitalization on CoinGecko during the June 8 Central-time check, so this is a treasury story tied to one of the two biggest crypto assets in the world.

The scale here is hard to ignore. A single public company owning nearly one in twenty ETH is a different kind of holder than a retail wallet or even a typical fund.

BitMine also reported $9.6 billion in total crypto, cash, and what it calls moonshots. That stack includes 204 BTC, $247 million in cash, a $180 million stake in Eightco, and an $88 million stake in Beast Holdings.

The company framed the latest buying as a response to weaker ETH prices rather than a reason to slow down.

The more interesting part is what BitMine does with the ETH once it owns it.

As of June 7, the company had 4,718,677 ETH staked, worth about $7.7 billion at $1,630 per ETH. That staked base now generates an annualized $230 million in staking revenue.

BitMine projects that figure climbs to roughly $270 million once its remaining ETH is staked.

Here is the official staking breakdown from the company.

BitMine added these details:

According to BitMine: BitMine announced on June 8, 2026 that its ETH holdings reached 5,543,872 tokens and that total crypto, cash, and moonshot holdings stood at $9.6 billion. The company said its ETH position represented 4.59% of Ethereum supply and 92% progress toward its 5% target.

BitMine also reported 204 BTC, $247 million in cash, a $180 million stake in Eightco, and an $88 million stake in Beast Holdings. The company said it acquired 126,971 ETH over the prior week and that 4,718,677 ETH was staked, worth about $7.7 billion at $1,630 per ETH.

CoinGecko ranked Ethereum second by market capitalization during the June 8, 2026 Central-time selection check. BitMine announced on June 8, 2026 that it held 5,543,872 ETH.

BitMine said its ETH holdings represented 4.59% of Ethereum supply and 92% progress toward its 5% target. BitMine said it acquired 126,971 ETH over the prior week.

BitMine said it held 4,718,677 staked ETH worth about $7.7 billion at $1,630 per ETH. BitMine reported total crypto, cash, and moonshot holdings of $9.6 billion.

Cointelegraph added these details:

According to Cointelegraph: BitMine increased its Ethereum treasury to 5.54 million ETH after acquiring nearly 127,000 ETH in the prior week. The company now controls about 4.59% of ETH supply and is 92% of the way toward its 5% supply target.

BitMine had more than 4.7 million ETH staked through validator infrastructure and called the weekly purchase the company’s largest weekly ETH acquisition of 2026. That outside framing helps readers see the update as a scale and supply-concentration story, also a corporate press release.

BitMine said it acquired 126,971 ETH over the prior week. BitMine said it held 4,718,677 staked ETH worth about $7.7 billion at $1,630 per ETH.

BitMine reported total crypto, cash, and moonshot holdings of $9.6 billion. BitMine reported 204 BTC, $247 million in cash, a $180 million stake in Eightco, and an $88 million stake in Beast Holdings as part of the same update.

BitMine projected $230 million in annualized staking revenue, rising to about $270 million once its remaining ETH is staked. The weekly 126,971 ETH addition was the company’s largest weekly acquisition of 2026.

A treasury this large rises and falls with the price of ETH, and the execution risk of accumulating and staking at this scale is real.

BitMine has lived through that volatility already, which makes the steady move toward 5% and a defined staking-revenue line the clearest read on what the company is actually building.

None of this is a recommendation to buy or sell ETH, BMNR, or any related security. It is a record of one of the largest corporate Ethereum positions getting larger and starting to pay its own way.

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