BitMine ETH Holdings Hit 5.62M After Fresh $136M Purchase 

Highlights:

• BitMine now holds 5.62 million ETH, equal to 4.66% of the total supply.
• The latest purchase has added 76,881 ETH at roughly $136 million.
• BMNP starts NYSE trading on June 16 after a $273.8 million preferred stock sale.

BitMine Immersion Technologies has raised its Ethereum treasury to 5,620,754 ETH after another heavy weekly purchase. According to the announcement on Monday, the firm acquired 76,881 ETH, equaling about $136 million in the week ending June 14. As a result, the holdings now equal 4.66% of Ethereum’s 120.7 million token supply.

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The latest purchase kept BMNR near its stated “Alchemy of 5%” goal. Chairman Thomas Lee said the company remains 93% of the way toward that mark. He also said management expects to reach the target during 2026. However, the company kept buying because it sees stronger Ethereum fundamentals.

Lee linked the buying pace to weaker ether prices and rising blockchain demand. In his view, Wall Street tokenization and agentic AI both support Ethereum’s role. He said public, neutral blockchains increasingly matter as financial firms move assets on-chain. Therefore, BMNR has kept its treasury strategy centered on ether accumulation.

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BitMine provided its latest holdings update for June 15, 2026

$10.4 billion in total crypto + "moonshots":
– 5,620,754 ETH at $1,718 per ETH per ETH (per @coinbase)
– 204 Bitcoin (BTC) – $200 million stake in Beast Industries @MrBeast
– $89 million stake in Eightco…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) June 15, 2026

Preferred Stock Proceeds Strengthen Bitmine’s Balance Sheet

The company also completed a preferred stock sale on June 10. It sold 3.5 million Series A Perpetual Preferred shares at $80 each. After expenses and underwriting costs, net proceeds reached about $273.8 million. The preferred shares carry a 9.50% rate and will trade on the NYSE as BMNP from June 16.

Bitmine also declared a weekly cash dividend of $0.2639 per preferred share. The company expects payment on July 6 to holders recorded on June 26. Lee said projected staking rewards can support dividends tied to the preferred shares. Current annualized staking rewards stand near $219 million, according to the company.

The firm reported total crypto, cash, marketable securities, and “moonshots” of $10.4 billion. That figure included its ETH, 204 BTC, and $502 million in cash and marketable securities. It also included a $180 million stake in Beast Industries. In addition, BMNR listed an $88 million stake in Eightco Holdings, which trades under ORBS.

Staking Network Adds Another Revenue Line

Bitmine said it has staked 4,718,677 ETH as of June 14. At $1,718 per ETH, that staked position equals roughly $8.1 billion. The amount covers more than 83% of the company’s total ether holdings. Lee said staking operations produced a seven-day annualized yield of 2.79%.

The company recently launched MAVAN, short for Made in America Validator Network. It designed the platform to support its own Ethereum treasury at first. However, MAVAN also targets institutional investors, custodians, and ecosystem partners seeking staking infrastructure.

At full scale, BMNR expects MAVAN and partner validators to lift staking rewards. Lee placed projected annualized rewards at $269 million under current yield assumptions. He also said annualized staking revenue now stands near $226 million. Therefore, staking has become a major part of the treasury model.

The announcement drew a modest market response. Google Finance data shows BMNR is trading around $17.22, up about 1.10%. The company also said BMNR ranked 203rd among the most-traded U.S. stocks.

Meanwhile, the purchase has arrived as the broader market has rebounded following weeks of volatility. At the time of this writing, Ethereum was trading around $1,815, up by more than 8% over the last 24 hours.

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