Bitmine Surpasses $11 Billion in Crypto Holdings, Eyes 'Alchemy of 5%' Goal

Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings now stand at 5.77 million tokens, representing 4.8% of the total ETH supply of 120.7 million.

The company's total crypto and cash holdings have reached $11.3 billion, with $482 million in cash and marketable securities.

As of July 12, BMNR has staked 4,917,189 ETH on MAVAN (Made in America VAlidator Network), the institutional-grade staking platform launched by Bitmine in 2026. The staked ETH is valued at $9.0 billion at a price of $1,820 per ETH.

According to Thomas 'Tom' Lee, Chairman of Bitmine, 'Bitmine has staked more ETH than other entities in the world.' He added that when BMNR's ETH is fully staked by MAVAN and its staking partners, the projected ETH staking reward will be $284 million on an annualized basis.

BMNR was added to the Russell 1000 Large-cap index on June 26, 2026, marking a significant milestone for the company. The addition is expected to attract hundreds or thousands of additional institutional investors as equity owners of Bitmine.