Bitmine Declares as the World's Largest ETH Vault: 4.47 Million Tokens Staked, Annual Income of $172 Million

Bitmine announced on Monday that as of March 1, the company’s ETH holdings reached 4,473,587 coins. Based on current prices, the Ethereum position is worth approximately $8.84 billion. Including $195 million in Bitcoin holdings, $200 million in Beast Industries shares, $868 million in cash, and other assets, the total cryptocurrency and cash holdings amount to about $9.9 billion.

ETH Holdings Update: Scale, Progress, and Accumulation Strategy

(Source: Bitmine)

Bitmine Chairman Thomas Lee stated in a release that the company bought 50,928 ETH over the past week, with holdings continuing to grow. He noted, “Given the strong fundamentals of Ethereum, this recent dip is highly attractive. We believe Ethereum’s price does not fully reflect its high utility and potential as a key player in future finance.”

Bitmine’s “5% Alchemy” plan aims to acquire 5% of the circulating supply of Ethereum worldwide. In just 8 months, it has already achieved over 74% of this goal.

Key data on current holdings:

• Total ETH holdings: 4,473,587 coins (3.71% of the global supply)
• BTC holdings: 195 coins
• Beast Industries shares: $200 million
• Cash reserves: $868 million
• Total crypto and cash: approximately $9.9 billion
• Staked ETH: 3,040,483 coins (about 68% of holdings, worth roughly $6 billion)
• Staking yield structure: MAVAN plan and annualized income

Bitmine’s ETH holdings are not just reserves but are actively deployed into staking yield mechanisms, creating a continuous cash flow.

As of now, the 3.04 million ETH staked by Bitmine generates an annualized staking yield of $172 million (with a 7-day annualized rate of 2.86%). The company is advancing a proprietary staking solution called the “Made in USA Validator Network” (MAVAN), scheduled to launch in Q1 2026. Lee stated that once all 44,700 ETH are staked through MAVAN and partners, the annualized staking income could reach $253 million, making Bitmine’s staked ETH surpass that of any other institution globally.

Institutional Backing and Market Context

Bitmine currently enjoys support from several top-tier institutions, including investors like ARK’s Cathie Wood, Founders Fund, Pantera Capital, Digital Currency Group (DCG), and Galaxy Digital. Multiple institutions are optimistic about its long-term strategy to acquire 5% of Ethereum. Bitmine is also one of the most actively traded stocks in the U.S., with an average daily trading volume of about $800 million (5-day average), ranking 145th among 5,704 listed stocks.

Regarding the current market environment, Lee said, “As geopolitical tensions between the U.S. and Iran intensify, financial and digital asset markets will be affected in the coming weeks. We will continue to steadily buy ETH and optimize the yield on our ETH holdings during this mini crypto winter.”

Frequently Asked Questions

How did Bitmine become the world’s largest institutional Ethereum treasury?

Since 2025, Bitmine has accelerated its “5% Alchemy” strategy, continuously increasing ETH holdings during market dips. In just 8 months, it accumulated over 4.47 million ETH, representing 3.71% of the global circulating supply, surpassing all other institutional ETH holdings and becoming the largest ETH holder worldwide.

What makes Bitmine’s MAVAN staking solution special?

MAVAN (Made in USA Validator Network) is Bitmine’s self-developed Ethereum staking infrastructure, scheduled to launch in Q1 2026. Unlike relying on third-party staking services, MAVAN allows Bitmine to control more of the staking process, reduce counterparty risk, and maximize staking yield distribution efficiency. Once fully deployed, the annualized staking yield is expected to reach $253 million.

What assets make up Bitmine’s total holdings of about $9.9 billion?

As of March 1, 2026, Bitmine’s assets include approximately $8.84 billion worth of Ethereum (4,473,587 ETH × $1,976), 195 BTC (about $13 million), $200 million in Beast Industries shares, $14 million in Eightco Industries shares, and $868 million in cash reserves, totaling around $9.9 billion.