BitMine's crypto assets, cash, and securities reach $11.5 billion, ETH holdings increase to 5.78 million coins
2026-07-20 17:57
Odaily reported that Ethereum treasury company BitMine stated its ETH holdings have reached 5.78 million coins, accounting for approximately 4.8% of Ethereum's circulating supply, nearing its goal of accumulating 5% of all ETH in circulation. The company added 7,430 ETH in the past week.
BitMine stated that its crypto assets, cash, and marketable securities are valued at $11.5 billion, including 207 Bitcoin and $385 million in cash and securities. Approximately 4.9 million of its ETH are staked through its validator network and partners, accounting for about 85% of the treasury.
BitMine also repurchased 5.5 million shares of stock in the past week under its previously authorized $4 billion buyback program. Earlier this month, BitMine stated that its institutional staking platform MAVAN generated $45.7 million in staking and validation revenue in the three months ending May 31, accounting for 98% of the company's total revenue.
BitMine stated that its crypto assets, cash, and marketable securities are valued at $11.5 billion, including 207 Bitcoin and $385 million in cash and securities. Approximately 4.9 million of its ETH are staked through its validator network and partners, accounting for about 85% of the treasury.
BitMine also repurchased 5.5 million shares of stock in the past week under its previously authorized $4 billion buyback program. Earlier this month, BitMine stated that its institutional staking platform MAVAN generated $45.7 million in staking and validation revenue in the three months ending May 31, accounting for 98% of the company's total revenue.
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