Bitmine Holds 4.47% of Total ETH Supply
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 40 minutes ago
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Source: PRnewswire
- Significant ETH Holdings: Bitmine currently holds 4.47% of the total ETH supply, amounting to approximately 5,390,404 ETH valued at $10.1 billion, showcasing its strong influence in the Ethereum market and expected to drive further market share growth.
- Exchange Migration: Bitmine transitioned from NYSE American to the New York Stock Exchange (NYSE) on April 9, 2026, a move that not only enhances the company's market image but may also attract more institutional investors, increasing liquidity.
- Massive Revenue Potential: With a total of 4,712,917 ETH staked, Bitmine anticipates annual staking revenues of $276 million, indicating its leading position in crypto asset management and providing financial stability for future operations.
- Institutional Investor Support: Backed by prominent institutional investors including Cathie Wood of ARK, Bitmine's credibility is significantly bolstered, laying a solid foundation for future capital operations and strategic expansion.
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Eightco Holdings Inc., through its subsidiary, Forever 8 Fund, LLC, operates as an inventory capital and management platform for e-commerce sellers. Forever 8 Fund, LLC (Forever 8) is an e-commerce fintech company that provides funding solutions for e-commerce businesses. Forever 8 provides funding solutions for e-commerce businesses, which sell on Amazon, Shopify and other online platforms. Forever 8 uses proprietary technology to review product sales data and determine funding potential for online retail entrepreneurs around the world. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Significant ETH Holdings: Bitmine currently holds 4.47% of the total ETH supply, amounting to approximately 5,390,404 ETH valued at $10.1 billion, showcasing its strong influence in the Ethereum market and expected to drive further market share growth.
- Exchange Migration: Bitmine transitioned from NYSE American to the New York Stock Exchange (NYSE) on April 9, 2026, a move that not only enhances the company's market image but may also attract more institutional investors, increasing liquidity.
- Massive Revenue Potential: With a total of 4,712,917 ETH staked, Bitmine anticipates annual staking revenues of $276 million, indicating its leading position in crypto asset management and providing financial stability for future operations.
- Institutional Investor Support: Backed by prominent institutional investors including Cathie Wood of ARK, Bitmine's credibility is significantly bolstered, laying a solid foundation for future capital operations and strategic expansion.
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- Significant ETH Holdings: Bitmine currently holds 4,712,917 ETH, valued at $10.1 billion based on the current price of $2,134, which positions it as a leading ETH holder globally and strengthens its status as a major ETH Treasury.
- Exchange Upgrade: Bitmine upgraded from NYSE American to the New York Stock Exchange (NYSE) on April 9, 2026, marking an increase in the company's recognition in capital markets and is expected to attract more investor attention to its stock.
- Annual Yield Expectations: Through its MAVAN platform, Bitmine's annual staking yield for ETH is projected at 2.75%, potentially generating $276 million in annual revenue, which not only enhances the company's cash flow but also strengthens its competitive position in the crypto market.
- Strong Market Support: Bitmine is backed by notable institutional investors, including Cathie Wood from ARK, indicating strong market confidence in its long-term growth potential, and is expected to further drive its ETH holdings towards the 5% target.
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- ETH Holdings: Bitmine's ETH holdings have reached 5,390,404 tokens, valued at approximately $10.1 billion based on the current price of $2,134, showcasing the company's robust investment capability in the cryptocurrency market and solidifying its position as the largest ETH custodian globally.
- Total Asset Value: The total assets of Bitmine, including ETH, cash, and other cryptocurrencies, amount to $12.3 billion, with cash holdings of $444 million, indicating effective liquidity management and asset allocation strategies that enhance its competitive edge in the market.
- Staking Revenue Potential: Bitmine has staked 4,712,917 ETH on the MAVAN platform, with projected annual returns of $276 million, reflecting the company's leading position in staking operations and its ability to provide stable returns for investors.
- Market Trading Activity: Bitmine's stock has an average daily trading volume of $572 million in the U.S. market, ranking 193rd, demonstrating its popularity among investors and attracting attention from institutional investors, including ARK's Cathie Wood.
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- Ethereum Holdings Growth: Bitmine currently holds over 4.47% of the total Ethereum supply, approximately 5,390,404 ETH valued at $10.1 billion, demonstrating the company's strong position and growth potential in the cryptocurrency market.
- Uplisting Progress: Bitmine successfully uplisted from NYSE American to the New York Stock Exchange (NYSE) on April 9, 2026, a move that not only enhances the company's market visibility but also lays the groundwork for future capital raising and investor attraction.
- Institutional Investor Support: Bitmine has garnered backing from notable institutional investors, including ARK's Cathie Wood and Pantera, reflecting market confidence in its 'Alchemy of 5%' goal, which is expected to further drive its Ethereum acquisition and holdings.
- Annual Revenue Projections: With a total staked ETH of 4,712,917, Bitmine anticipates an annualized staking revenue of $276 million at a 2.75% yield, indicating the company's leading position in crypto asset management and revenue generation.
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- Successful Uplisting: Bitmine successfully uplisted to the New York Stock Exchange (NYSE) from NYSE American on April 9, 2026, marking a significant advancement in the company's presence in the cryptocurrency sector, which is expected to attract more investor interest in its stock.
- Significant ETH Holdings: Bitmine currently holds 5,390,404 ETH, representing approximately 4.47% of the total ETH supply, which not only strengthens its market position but also lays a solid foundation for future growth.
- Projected Annual Returns: With a total staked ETH of 4,712,917, Bitmine anticipates annual staking revenues of $276 million, significantly enhancing its cash flow and profitability, thereby reinforcing its market leadership.
- Institutional Investor Support: Backed by prominent institutional investors including ARK's Cathie Wood, Bitmine's strategy of achieving the 'Alchemy of 5%' demonstrates strong market confidence, which is expected to drive long-term growth in the crypto asset space.
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- Portfolio Overview: As of May 20, 2026, Eightco Holdings reports a total portfolio value of approximately $337 million, including a $90 million indirect investment in OpenAI, highlighting the company's strong positioning in the AI sector.
- Digital Asset Holdings: Eightco holds over 283 million Worldcoin (WLD), representing 8.31% of the circulating supply, making it the largest institutional holder globally, indicating a strategic position in digital identity verification.
- Market Trend Alignment: Eightco's investments are focused on three major trends: artificial intelligence, digital identity, and the creator economy, which are expected to drive innovation over the next decade and enhance the company's competitive edge in the market.
- Investment in Beast Industries: Eightco's $18 million investment in Beast Industries accounts for 5% of its assets, with the company projected to achieve over 75% revenue growth in 2026, showcasing its potential in content creation and distribution.
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