Bitmine said it added 27,801 ETH over the past week and plans to maintain the steady accumulation pace it has followed since the start of 2026, according to PR Newswire. The company said it aims to reach its so-called “Alchemy of 5%” target within the year. As of July 12, Bitmine held 5.77 million ETH, with 4.917 million ETH, or about 85% of its holdings, already staked. Using an ETH price of $1,820, the company valued those holdings at about $9 billion. Bitmine said a 2.70% annual staking yield would translate into roughly $242 million in annualized staking income, while staking its full ETH position would lift annualized rewards to about $284 million. The company also said it launched MAVAN, short for Made in American Validator Network, as an institutional Ethereum staking platform this year and plans to open it to institutional investors, custodians and ecosystem partners. Bitmine added that it is now the world’s largest ETH treasury holder and ranks second globally by crypto reserve size behind Strategy, which it said holds 843,775 BTC.
Bitmine said it bought 27,801 ETH over the past week and will keep the steady accumulation pace it has maintained since the start of 2026, according to PR Newswire. The company said it expects to achieve its so-called “Alchemy of 5%” target within the year.
ETH holdings and staking position
As of July 12, Bitmine said it held 5.77 million ETH. Of that total, 4.917 million ETH, or about 85%, had already been staked. Using an ETH price of $1,820, the company put the value of its holdings at about $9 billion.
Based on a 2.70% annual staking yield, Bitmine said annualized staking income would be about $242 million. If all of its ETH were staked, annualized staking rewards could reach $284 million.
MAVAN platform
Bitmine also said it launched MAVAN, short for Made in American Validator Network, as an institutional-grade Ethereum staking platform this year. The company said the platform will be opened to institutional investors, custodians and ecosystem partners.
Positioning and policy comments
Bitmine said it is now the world’s largest ETH treasury holder and ranks second globally by crypto reserve size, behind Strategy, which it said holds 843,775 BTC.
The company also said the GENIUS Act and the U.S. Securities and Exchange Commission’s Project Crypto will drive changes in digital asset financial infrastructure. Bitmine compared their significance to the effect that the end of the Bretton Woods system in 1971 had on the modernization of Wall Street.
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