BitMine Adds 32,447 ETH as Treasury Holdings Reach 5.85 Million Tokens

Highlights:

• BitMine added 32,447 ETH, lifting total holdings to 5,847,611 tokens.
• The firm’s Ether balance represents about 4.8% of Ethereum’s circulating supply.
• Staked holdings total 5.07 million ETH, with annualized revenue projected at $330 million.

BitMine increased its Ether purchases last week, adding 32,447 ETH during the token’s sharp recovery. Those tokens were valued at $81 million at Monday’s price of $2,500. According to the announcement on August 24, the acquisition lifted total holdings to 5,847,611 ETH, worth nearly $14.7 billion. 

The purchase extended its weekly buying streak to about 14 months. BitMine began its accumulation plan in June last year. Since then, it has acquired Ether every week, even after slowing purchases during recent months. Smaller purchases came while the company neared its supply target.

BitMine Adds 32,447 ETH Nearing its 5% Supply Goal

The treasury now represents about 4.8% of Ethereum’s 120.7 million circulating coins. Therefore, the firm has now successfully crossed the 97% threshold of the target share in supply. Reaching that level at today’s supply would require around 6.04 million ETH. Therefore, the treasury needs approximately 187,000 additional tokens to meet the target.

BitMine also reported $14.9 billion across crypto, cash, marketable securities, and strategic investments. That total includes 210 Bitcoin, worth about $16.6 million at the reported market price. Moreover, the balance sheet includes $308 million in cash and marketable securities. Its investment portfolio covers stakes in Beast Industries and Eightco Holdings.

The firm’s Beast Industries investment carried a $180 million value on August 23. Meanwhile, its Eightco Holdings position stood at $89 million. Management describes both positions as separate “moonshots” alongside its main crypto treasury. Ether still accounts for most of the reported portfolio value.

BitMine provided its latest holdings update for August 24, 2026

$14.9 billion in total crypto + "moonshots":
– 5,847,611 ETH at $2,440 per ETH per ETH (per @coinbase)
– 210 Bitcoin (BTC)
– $180 million stake in Beast Industries @MrBeast
– $89 million stake in Eightco Holdings…

— Bitmine (NYSE-BMNR) $ETH $BMNP (@BitMNR) August 24, 2026

Staked Holdings Add a Large Revenue Stream

BitMine has staked 5,067,309 ETH, representing roughly 87% of its Ether balance. At the disclosed $2,440 price, that stake carried a $12.4 billion value. In addition, its staking transactions generated an annualized seven-day reward of 2.67%. Management projects $330 million in annual staking revenue under current conditions.

Chairman Tom Lee said full deployment through the company’s staking network and partners could increase projected rewards. Using the same 2.67% yield, that estimate reaches $381 million annually. The company launched its Made in America Validator Network (MAVAN) earlier this year. The platform currently supports part of the treasury’s staked Ether.

Ether Rally Supports Lee’s Market Outlook

Ethereum gained about 30% during the week before Monday’s update. Moreover, Ethereum crossed $2,500 for the first time since January. Its rally followed a broader improvement across cryptocurrency markets. ETH also outperformed Bitcoin after Wednesday’s US Treasury announcement.

The Treasury plans to double monthly purchases of certain longer-dated government bonds next month. Those purchases will rise from $2 billion to $4 billion. Lee linked that decision, easier financial conditions, and White House crypto support to stronger risk appetite. He also cited tokenization and blockchain use by artificial intelligence agents.

Lee compared the rally with two earlier weekly gains above 30%. Ethereum later rose 167% following the July 2021 advance, according to his statement. The altcoin also gained 170% after a similar move in May last year. He described both episodes as starting points for larger market moves.

The chairman also expects Ethereum’s performance against Bitcoin to improve during the next crypto cycle. He linked earlier relative gains to coin offerings, NFTs, and stablecoins. This time, he expects asset tokenization and AI agents to increase Ethereum network use. 

At the time of this writing, ETH is trading around $2,480, up by 1.3% over the last 24 hours. Its market capitalization and trading volume have surged to $300 billion and $22 billion, respectively. BitMine