# Bitmine Crosses 5 Million ETH Milestone

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

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2026-04-28
**Categories:** bitmine, eth, treasury, staking, mavan, institutional, validators
**URL:** https://ethdaily.io/bitmine-crosses-5-million-eth-milestone

## Content

Bitmine Immersion Technologies crossed 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 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, Bitmine's institutional-grade validator network, which the company recently launched and plans to open to external institutional investors and custodians.Sponsored byEarnUSD is a stablecoin vault by Lido for earning transparent, onchain USD-denominated rewards. Get started today at stake.lido.fi/earnDisclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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