# Bitmine Crosses 5 Million ETH Milestone

*Bitmine now holds 5,078,386 ETH worth approximately $12 billion, with 73% staked through MAVAN.*

By [ETH Daily](https://ethdaily.io) · 2026-04-28

bitmine, eth, treasury, staking, mavan, institutional, validators

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Bitmine Immersion Technologies [crossed](https://x.com/BitMNR/status/2048781360928641404) 5 million ETH in holdings, announcing a total of 5,078,386 ETH valued at approximately $12 billion at current prices. The milestone makes [Bitmine the largest Ethereum treasury in the world](https://ethdaily.io/819) and represents 4.21% of the total ETH supply, putting the company 84% of the way toward its stated goal of acquiring 5% of all ETH in circulation.

Of the 5.078 million ETH held, 3,701,589 ETH, roughly 73% of its total holdings, is currently staked, generating annualized staking revenues of $264 million at a yield of 3.033%. At full deployment, Bitmine projects annual staking rewards of approximately $363 million. The staking operations run through [MAVAN](https://ethdaily.io/851), Bitmine's institutional-grade validator network, which the company recently launched and plans to open to external institutional investors and custodians.

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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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*Originally published on [ETH Daily](https://ethdaily.io/bitmine-crosses-5-million-eth-milestone)*