🕵🏽♂️🧾The company's holdings include 5.54 million Ethereum tokens (
$ETH ) valued at $1,630 per token, 204 Bitcoin
$BTC , $247 million in cash, a $180 million stake in Beast Industries, and an $88 million stake in Eightco Holdings (ORBS). Bitmine's ETH holdings represent 4.59% of the total ETH supply, which is 120.7 million tokens.
The company holds 4.72 million ETH in staking, valued at $7.7 billion at current prices. Bitmine acquired 126,971 ETH over the past week, according to the announcement.
"Over the past week, we acquired 126,971 ETH. We've ramped up our purchases because we believe this dip in ETH prices does not reflect the strengthening fundamentals of Ethereum," stated Thomas Lee, president of Bitmine.
Bitmine operates MAVAN (Made in America Validator Network), a staking platform launched in 2026 that has generated an annualized yield over 7 days of 2.99%. The company anticipates annualized staking revenue of $230 million based on its current operations.
The stock trades with an average daily dollar volume of $829 million over five days as of 05/06/2026, ranking 148th among U.S. listed stocks, according to company data citing Fundstrat research.
Bitmine describes itself as a Bitcoin miner operating in the U.S. that deploys its excess capital into cash operations in Ethereum. The company aims to reach 5% of the total ETH supply, which it refers to as "the 5% alchemy."
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