TLDR
- BitMine added 76,881 ETH within one week, raising reported total holdings to 5.62 million ETH.
- The company said its Ethereum position equals 4.66 percent of the total ETH coin supply.
- MAVAN supports BitMine staking operations, with 4.71 million ETH already staked through reported internal infrastructure.
- Series A Preferred Stock will begin NYSE trading under BMNP after the June offering closed.
- BitMine cited Ethereum tokenization demand and agentic AI needs as drivers behind its treasury strategy.
BitMine Immersion Technologies said it acquired 76,881 ETH over the past week, raising total Ethereum holdings to 5,620,754 ETH as of June 14, 2026. Using the Coinbase price of $1,718 per ETH cited by the company, the ETH position was valued near $9.66 billion. BitMine said the holding equals 4.66% of the 120.7 million ETH coin supply.
The company framed the latest purchase as progress toward its “Alchemy of 5%” target for Ethereum ownership. BitMine said it is 93% of the way toward that goal after 11 months of accumulation. Chairman Thomas “Tom” Lee said the company expects to reach the five percent target sometime in 2026.
Total crypto, cash, marketable securities, and “moonshots” holdings were reported at $10.4 billion. The figure included 204 BTC, $502 million in cash and marketable securities, a $180 million stake in Beast Industries, and an $88 million stake in Eightco Holdings. BitMine said Eightco gives investors indirect listed-equity exposure to OpenAI
Staking Business and Preferred Stock Add Financing Layer
BitMine reported 4,718,677 staked ETH, valued at about $8.1 billion at the quoted ETH price. The staked amount represented more than 83% of the company’s total Ethereum holdings. The company said MAVAN, its Made in America Validator Network, is designed for secure institutional Ethereum staking.
MAVAN was developed to support BitMine’s Ethereum treasury, while the company plans to offer the platform to institutional investors, custodians, and ecosystem partners. Lee said BitMine has staked more ETH than any other entity. The company reported a seven-day annualized staking yield of 2.79 percent from its own staking operations.
BitMine closed the sale of 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock on June 10. The offering was priced at $80.00 per share and produced about $273.8 million in net proceeds after expenses. The preferred stock is expected to trade on the NYSE under BMNP beginning June 16, with weekly dividends subject to governing terms.
Liquidity, Rankings, and Ethereum Market Thesis
The board declared a third weekly cash dividend of $0.2639 per Series A Preferred share. The payment is expected on July 6, 2026, for holders of record as of June 26. Lee said projected annualized staking rewards of about $219 million provide recurring cash flow to support preferred share dividends.
BitMine said BMNR traded about $550 million per day on a five-day average through June 12, ranking 203rd among United States-listed stocks by dollar volume. The company also said it leads crypto treasury peers by liquidity and the pace of raising crypto NAV per share. Its investor base includes ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, DCG, Galaxy Digital, Bill Miller III, MOZAYYX, and Lee.
BitMine was named to Fortune’s Crypto 100 list for 2026 on June 11, according to the company announcement. Management said Ethereum continues to benefit from Wall Street tokenization and agentic AI systems needing public, neutral blockchains. The update placed the latest ETH purchase, BMNP listing, staking expansion, and Fortune ranking within BitMine’s strategy to acquire five percent of ETH.
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