{"id":9864,"date":"2026-06-15T06:03:01","date_gmt":"2026-06-15T06:03:01","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=9864"},"modified":"2026-06-15T06:03:01","modified_gmt":"2026-06-15T06:03:01","slug":"bitmine-nears-5-ethereum-ownership-milestone-with-massive-5-54m-eth-treasury","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=9864","title":{"rendered":"Bitmine Nears 5% Ethereum Ownership Milestone with Massive 5.54M ETH Treasury"},"content":{"rendered":"

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  • Bitmine\u2019s Ethereum holdings have reached 5.54 million ETH, putting the company at 4.59% of the network\u2019s total supply and close to its 5% ownership target.<\/span><\/li>\n
  • More than 4.7 million ETH is currently staked, with Bitmine projecting annual staking revenue of up to US$270 million (AU$383.4 million).<\/span><\/li>\n
  • The company\u2019s combined crypto, cash and investment holdings are valued at roughly US$9.6 billion (AU$13.63 billion), reinforcing its position as a leading Ethereum treasury firm.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitmine Immersion Technologies has increased its Ethereum treasury to 5.54 million ETH, bringing the company within reach of its objective of acquiring 5% of Ethereum\u2019s total supply. The holding represents approximately 4.59% of the network\u2019s 120.7 million ETH supply, according to the company.\u00a0<\/p>\n

    The latest increase came after Bitmine purchased 126,971 ETH over the past week. The company said it has now achieved 92% of its \u201cAlchemy of 5%\u201d target, a strategy centred on accumulating a significant share of Ethereum\u2019s circulating supply.<\/p>\n

    Bitmine\u2019s treasury strategy is also focused on staking. The company reported that 4,718,677 ETH is currently staked, accounting for about 85% of its total ETH holdings. At an ETH price of US$1,630 (AU$2,314.60), those staked assets are worth approximately US$7.7 billion (AU$10.93 billion).<\/p>\n

    Related: Ethereum Pushes Clear Signing to Combat Costly Crypto Scam<\/strong><\/p>\n

    Revenue Potential Rises\u00a0<\/h2>\n

    Based on current staking activity, Bitmine projects annualised staking revenue of around US$230 million (AU$326.6 million). The company added that annual rewards could reach US$270 million (AU$383.4 million) if all ETH holdings are eventually staked through MAVAN and other staking providers.<\/p>\n

    As of 7 June, Bitmine held 5,543,872 ETH and 204 Bitcoin, alongside US$247 million (AU$350.74 million) in cash. The company also reported equity investments including a US$180 million (AU$255.6 million) stake in Beast Industries and a US$88 million (AU$124.96 million) stake in Eightco Holdings, contributing to total crypto, cash and investment holdings of approximately US$9.6 billion (AU$13.63 billion).<\/p>\n

    Bitmine currently ranks as the largest corporate holder of Ethereum and remains the largest publicly traded Ethereum treasury company by a substantial margin.<\/p>\n

    Related: Ripple\u2019s Garlinghouse Calls Out Jamie Dimon Over Crypto Clarity Act Criticism\u00a0<\/strong><\/p>\n<\/p><\/div>\n

    BitMine,Ethereum#Bitmine #Nears #Ethereum #Ownership #Milestone #Massive #5.54M #ETH #Treasury1781503381<\/p>\n","protected":false},"excerpt":{"rendered":"

    Bitmine\u2019s Ethereum holdings have reached 5.54 million ETH, putting the company at 4.59% of the network\u2019s total supply and close to its 5% ownership target. More than 4.7 million ETH is currently staked, with Bitmine projecting annual staking revenue of up to US$270 million (AU$383.4 million). The company\u2019s combined crypto, cash and investment holdings are<\/p>\n","protected":false},"author":1,"featured_media":9865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[4941,439,601,31,34,237,1019,333,585],"class_list":["post-9864","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-5-54m","tag-bitmine","tag-eth","tag-ethereum","tag-massive","tag-milestone","tag-nears","tag-ownership","tag-treasury"],"yoast_head":"\nBitmine Nears 5% Ethereum Ownership Milestone with Massive 5.54M ETH Treasury - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=9864\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitmine Nears 5% Ethereum Ownership Milestone with Massive 5.54M ETH Treasury\" \/>\n<meta property=\"og:description\" content=\"Bitmine\u2019s Ethereum holdings have reached 5.54 million ETH, putting the company at 4.59% of the network\u2019s total supply and close to its 5% ownership target. 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