As of June 28, 2026, Bitmine reported a substantial crypto portfolio that includes 5,700,040 ETH, valued at $1,569 each, alongside 206 Bitcoin (BTC) and investments totaling $254 million in Beast Industries and Eightco Holdings. The company also maintains a robust liquidity position with $555 million in cash and marketable securities. Notably, Bitmine’s Ethereum holdings represent 4.7% of the total ETH supply of 120.7 million.
Thomas “Tom” Lee, Chairman of Bitmine, expressed optimism regarding the future of cryptocurrencies, emphasizing the modernization of Wall Street’s infrastructure to support crypto operations and the potential of AI-driven payment systems. Despite an 8% decline in ETH prices recently, Lee pointed out encouraging developments in the Ethereum ecosystem, such as the launch of Ethlabs and a more favorable regulatory tone regarding stablecoins by the Bank of England.
Bitmine’s recent inclusion in the Russell 1000 Large-cap Index, effective June 26, is anticipated to attract a wave of institutional investors, reflecting the growing interest in crypto-related assets. The Investment Company Institute estimates that passive investment funds and ETFs usually account for 18-20% of a company’s shares, which could significantly increase Bitmine’s shareholder base.
Earlier in June, Bitmine successfully closed an offering of 3,500,000 shares of its 9.50% Series A Perpetual Preferred Stock, raising approximately $273.8 million in net proceeds. The stock trades under the symbol BMNP, with weekly dividends planned as per the terms of its Certificate of Designations. Additionally, Bitmine received recognition from Fortune, making the Fortune 100 Crypto List, which ranks companies based on influence in blockchain, further solidifying its status in the sector.
Throughout June, Bitmine continued accumulating ETH, acquiring over 27,000 ETH, which complements its goal of reaching the so-called “alchemy of 5%” by the year’s end. The company has also launched MAVAN, a staking platform designed initially for its own Ethereum treasury but planned to expand its services to institutional investors, custodians, and partners in the crypto ecosystem.
Currently, Bitmine has staked approximately 4.9 million ETH, which is more than any other entity globally, generating a projected annual staking reward of $246 million—at current rates—which solidifies its position as a leader in Ethereum governance.
Moreover, Bitmine’s stock remains one of the most actively traded in the U.S., with an average daily volume of $643 million, ranking it 240th among the 5,700 listed stocks. Lee remarked that developments such as the GENIUS Act and the SEC’s initiatives on crypto are expected to reshape financial services, akin to the pivotal changes triggered by the end of the gold standard in 1971.
Bitmine’s commitment to its Ethereum treasury strategy, along with its innovations in digital asset management, positions it favorably for future growth in the evolving landscape of cryptocurrency. For more updates and insights, stakeholders are encouraged to visit Bitmine’s official channels and sign up for alerts on developments in the company.
