Bitmine Ethereum Holdings Hit 5.7M Tokens Worth $11.3B

Bitmine reaches 5.77 million ETH in reserves, aiming for 5% of total supply. Learn how their staking strategy generates $242 million in annual revenue.

The company continues its consistent accumulation of the world’s second-largest cryptocurrency, betting on a model where Ethereum serves as both a primary reserve asset and a yield-generating engine through staking.

Bitmine Accelerates Ethereum Accumulation

The firm announced that as of July 13, its crypto reserves reached 5,770,038 ETH. This milestone brings Bitmine closer to completing its “Alchemy of 5%” initiative—a strategy aimed at acquiring 5% of the total circulating supply of the leading altcoin.

In the last week alone, the company added 27,801 ETH to its balance sheet, maintaining the aggressive purchasing pace it has established throughout 2026. Unlike firms that treat cryptocurrency as a passive reserve, Bitmine is developing a model where accumulated tokens function as a constant revenue stream.

According to company data, 4,917,189 ETH have already been staked through its proprietary validator infrastructure, the Made in America Validator Network (MAVAN).

Under current market conditions, Bitmine expects these staking operations to generate approximately $242 million in annual revenue.

This approach allows the company to run two strategies simultaneously: long-term growth of its Ethereum reserves and the creation of consistent cash flow by validating network transactions.

Betting on Ethereum as Monetary Infrastructure

Bitmine Chairman Tom Lee believes the cryptocurrency is evolving beyond its role as a smart contract blockchain to become a foundational financial asset for the digital economy.

Lee identifies the launch of the Robinhood Chain Layer-2 earlier this month as a critical catalyst. This new infrastructure uses ETH as the primary token for transaction fees and performs final settlement on the Ethereum mainnet. According to Lee, such applications are driving both institutional and individual investors to view the altcoin as a form of digital money rather than just a speculative investment.

Bitmine’s strategy is further bolstered by increasing institutional interest. At the end of June, the company was included in the Russell 1000 index, potentially opening doors to capital from major institutional investors and passive funds.

As of July 12, the total value of Bitmine’s crypto assets, cash reserves, and strategic investments reached $11.3 billion, including stakes in companies like Eightco and Beast Industries. This reinforces the firm’s ambition to build one of the largest corporate balance sheets centered on Ethereum.

While MicroStrategy continues to position itself as the largest corporate holder of Bitcoin, Bitmine has built a parallel model around the leading altcoin. If the company achieves its goal of controlling 5% of the total ETH supply, it will become one of the most influential players in the ecosystem, serving as both a major investor and a critical network validator.