Bitmine (BMNR) Buys 126,971 ETH as Total Holdings Reach 5.54 Million ETH

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• Bitmine acquired 126,971 ETH during the week ending June 7, 2026.
• Total Ethereum holdings increased to 5,543,872 ETH.
• The company now controls approximately 4.59% of Ethereum’s total supply of 120.7 million ETH.
• 4,718,677 ETH are currently staked, representing roughly $7.7 billion at an ETH price of $1,630.
• Total crypto holdings, cash, and strategic investments reached approximately $9.6 billion.
• Bitmine said it is now 92% of the way toward its “Alchemy of 5%” goal.

Bitmine disclosed that it acquired an additional 126,971 Ethereum (ETH) over the past week, bringing total holdings to 5,543,872 ETH as of June 7, 2026. Based on an ETH price of $1,630, the company’s Ethereum treasury is valued at approximately $9.0 billion.

The latest purchase represents Bitmine’s largest weekly ETH acquisition since December 2025 and further strengthens its position as the largest publicly disclosed Ethereum treasury company. The company stated that its holdings now account for approximately 4.59% of Ethereum’s total circulating supply of 120.7 million ETH, moving closer to its long-term objective of accumulating 5% of the network’s supply.

Crypto Treasury and Cash Holdings Reach $9.6 Billion

As of June 7, 2026, Bitmine reported combined crypto assets, cash reserves, and strategic investments totaling approximately $9.6 billion.

The company’s holdings consist of:

• 5,543,872 ETH valued at approximately $9.0 billion.
• 204 Bitcoin (BTC).
• $247 million in cash.
  • $200 million stake in Beast Industries.
• $88 million stake in Eightco Holdings (NASDAQ: ORBS).

Bitmine said the latest figures place the company approximately 92% of the way toward achieving its “Alchemy of 5%” target, referring to ownership of 5% of Ethereum’s total supply.

Compared with the previous week, Ethereum holdings increased from 5.42 million ETH to 5.54 million ETH following the acquisition of 126,971 ETH. The purchase was nearly five times larger than the prior week’s acquisition of 26,497 ETH and marked the strongest weekly accumulation since the company began aggressively expanding its Ethereum treasury.

Total ETH holdings increased by approximately 2.3% week-over-week, while Bitmine’s share of Ethereum’s circulating supply rose from roughly 4.49% to 4.59%.

Staking Operations Continue to Expand

Of Bitmine’s total Ethereum holdings, 4,718,677 ETH are currently staked, representing approximately 85% of the company’s ETH treasury. At current market prices, the staked assets are valued at approximately $7.7 billion.

According to the company, its staking operations generated a 7-day annualized yield of 2.99%. Based on current staking levels, Bitmine projects annualized staking revenue of approximately $230 million.

The company said a growing portion of its staking activity is being conducted through MAVAN (Made in America VAlidator Network), Bitmine’s institutional-grade Ethereum staking platform. Management stated that MAVAN was initially developed to support the company’s treasury operations but may eventually expand to serve institutional investors and ecosystem partners.

Bitmine reported that more than 4.7 million ETH are currently staked through its infrastructure and partner networks, making it one of the largest staking operators within the Ethereum ecosystem.

Ethereum Accumulation Accelerates

The latest purchase continues a multi-month trend of aggressive Ethereum accumulation.

Recent weekly acquisitions include:

• June 8, 2026: 126,971 ETH
• June 1, 2026: 26,947 ETH
• May 26, 2026: 111,942 ETH
• May 18, 2026: 71,672 ETH
• May 11, 2026: 26,659 ETH

The company has added more than one million ETH since the beginning of 2026, significantly increasing its ownership stake within the Ethereum network. Management attributed the recent increase in purchases to what it views as a disconnect between Ethereum’s market price and underlying network fundamentals.

Potential Russell 1000 Inclusion Draws Attention

Bitmine also noted that it currently meets eligibility requirements for inclusion in the Russell 1000 Index, with the final constituent list expected later this month.

The company highlighted that BMNR remains among the most actively traded equities in the United States. According to Fundstrat data cited by Bitmine, the stock generated average daily trading volume of approximately $829 million over the five trading sessions ending June 5, ranking 148th among more than 5,700 U.S.-listed stocks.

Potential inclusion in the Russell 1000 could increase institutional ownership, as many index funds and benchmark-tracking portfolios allocate capital to constituents of the index.

Ethereum Market Context

Ethereum experienced a broad market pullback during the past week, with ETH trading near $1,630 at the time of Bitmine’s disclosure. Despite the decline, institutional participation in the Ethereum ecosystem remains a key theme for investors.

The network continues to benefit from growing tokenization initiatives, expanding staking participation, and increasing interest from traditional financial institutions exploring blockchain-based settlement systems. Corporate treasury accumulation has also emerged as a notable trend, with Bitmine remaining the most aggressive public-market participant focused on Ethereum acquisition and staking strategies.