Bitmine Holds 5.4M ETH Valued at $10.85B, Staking Revenue Hits 98% of Q3 2026 Income

According to its Form 10-Q filing with the U.S. Securities and Exchange Commission on July 15, Bitmine reported $45.7 million in staking revenue for Q3 2026 ending May 31, accounting for 98 percent of the company's total quarterly revenue. As of the same date, Bitmine held 5.4 million ether valued at $10.85 billion, making it the largest ETH treasury by number of tokens on its balance sheet, a significant shift from its previous focus on bitcoin mining operations.

In June 2026, Bitmine raised $273.8 million through a public offering of Series A Preferred Stock to support its institutional staking operations and treasury strategies.