BitMine Ethereum Treasury Nears Target With 5.9 Million Token Milestone

As of August 30, the firm’s total Ethereum holdings reached 5,901,112 tokens. Valued at roughly $14.54 billion at current market prices, the treasury remains within striking distance of the company's stated 6% target, which would equate to approximately 6.04 million ETH. Chairman Tom Lee confirmed that the company has maintained a consistent buying pace since adopting its treasury strategy in mid-2025.

Beyond mere accumulation, BitMine has integrated its holdings into a robust staking operation. The company reported that 5,067,309 ETH—roughly 85.9% of its total stash—is currently staked via its MAVAN validator network and external partners. This infrastructure is projected to generate $335 million in annual revenue, providing a critical income stream that supports the firm’s dividend payments on its Series A Perpetual Preferred Stock. While the company’s total assets, including Bitcoin and strategic equity investments, are valued at $15.6 billion, the heavy concentration in Ethereum exposes shareholders to significant price volatility and regulatory shifts, as noted in the firm’s recent SEC filings.