TLDR
- Bitmine held 5.8 million ETH, representing 4.8% of Ethereum’s total supply on August 2, 2026.
- Bitmine reported $11.3 billion in crypto, cash, marketable securities and strategic holdings this week overall.
- Bitmine repurchased 16.1 million common shares under its authorized $4 billion buyback program since July.
- Tom Lee said ETH outperformed Nasdaq 100 by 2,500 basis points during July trading alone.
- Bitmine staked 4.9 million ETH, projecting $247 million in annualized staking revenue from MAVAN operations.
Bitmine Immersion Technologies reported total crypto, cash, and marketable securities holdings of $11.3 billion, led by 5.8 million ETH as of August 2.
Bitmine Expands Ethereum Treasury
Bitmine said its crypto holdings included 5,797,813 ETH at $1,880 per token. The company also held 209 Bitcoin, $173 million in cash and marketable securities, and two smaller strategic stakes.
Those stakes included $180 million in Beast Industries and $61 million in Eightco Holdings. Bitmine said its ETH position represented 4.8% of Ethereum’s 120.7 million token supply.
The company remains the largest Ethereum treasury and the second-largest global crypto treasury behind Strategy. Strategy reportedly holds 843,775 BTC valued at about $57 billion.
Bitmine Chairman Thomas “Tom” Lee said Ethereum outperformed the Nasdaq 100 by 2,500 basis points in July. He said, “In July, ETH outperformed the Nasdaq 100 by 2,500bp.”
Share Buybacks Continue Under $4B Plan
Bitmine repurchased 4.5 million common shares during the past week. Lee said management views Bitmine shares as attractively valued after Ethereum’s strong relative performance.
The company has now repurchased more than 16 million common shares. Since July 1, Bitmine has bought back 16.1 million shares under its authorized $4 billion repurchase program.
Lee said, “This buyback remains the largest ever executed by any Ethereum, Bitcoin or crypto DAT.” DAT refers to digital asset treasury companies.
Bitmine also added 10,399 ETH during the past week. Lee said the company has bought ETH every week since launching its Ethereum Treasury Strategy on June 30, 2025.
MAVAN Staking Revenue Grows
Bitmine has staked 4,917,189 ETH through MAVAN and staking partners. That amount was worth about $9.2 billion at $1,880 per ETH.
The staked balance represents 85% of Bitmine’s total ETH holdings. Lee said Bitmine has staked more ETH than any other entity.
Bitmine’s staking operations generated a 7-day annualized yield of 2.67%. The company now projects annualized staking revenue of about $247 million.
Lee said full staking through MAVAN and partners could raise projected annual staking rewards to $291 million. MAVAN was launched earlier this year as Bitmine’s institutional-grade staking platform.
The platform was initially developed to support Bitmine’s own Ethereum treasury. Bitmine plans to expand MAVAN for institutional investors, custodians, and ecosystem partners seeking staking infrastructure.
Bitmine also linked its strategy to broader crypto policy developments. Management said the GENIUS Act and SEC Project Crypto could reshape financial services in 2026.
The company compared the possible policy shift to the 1971 end of the Bretton Woods system. Bitmine said that earlier change helped modernize Wall Street and create today’s financial rails.
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