Major U.S. financial institutions are rapidly increasing their exposure to Bitmine, positioning themselves behind one of the most aggressive Ethereum accumulation strategies in the public markets.
- Bitmine holds 4.37 million ETH – 3.62% of total supply – and targets 5%.
- Wall Street giants own nearly $2.9B in Bitmine shares.
- Institutional stakes surged during the recent market pullback.
- Staking generates up to $176M annually, with higher rewards expected after MAVAN launches.
Recent SEC 13F filings show that 457 institutional holders collectively own 136,702,386 shares of Bitmine, valued at roughly $2.86 billion. The top 11 institutions alone control 49,539,469 shares worth approximately $1.34 billion, accounting for 46.9% of leading institutional exposure.
Morgan Stanley currently holds 12,197,071 shares valued at $331 million, representing 24.6% of the top-11 concentration. ARK Investment Management follows with 9,457,330 shares worth $256.7 million, while BlackRock controls 9,049,912 shares valued at $245.7 million.
Goldman Sachs has taken a notably aggressive position, holding 5,224,407 shares worth $141.8 million, marking a 588% quarter-over-quarter increase. Bank of America posted one of the largest percentage increases, expanding its stake by 1,668% to 3,162,085 shares valued at $85.8 million. Citigroup and Bank of New York Mellon also recorded substantial increases of 542% and 498% respectively.
The accumulation trend signals strong institutional backing of Bitmine’s long-term Ethereum strategy rather than short-term trading interest.
Ethereum Treasury at Global Scale
Bitmine now holds 4,371,497 ETH, valued at approximately $8.7 billion. That represents 3.62% of Ethereum’s total circulating supply, making it the largest publicly known Ethereum treasury globally and the second-largest crypto treasury overall behind MicroStrategy.
The company’s total diversified portfolio stands near $9.6 billion. In addition to its ETH position, Bitmine holds 193 BTC, $670 million in cash reserves, and strategic investments including $200 million in Beast Industries and $17 million in Eightco Holdings.
The Alchemy of 5% Strategy
Chairman Tom Lee is driving what the company calls “The Alchemy of 5%” – a plan to accumulate roughly 6 million ETH, equivalent to 5% of total Ethereum supply. Bitmine is currently about 72% of the way toward that target.
The buying pattern remains consistent regardless of market conditions. During a recent crypto pullback, the company acquired 45,759 ETH in a single week, reinforcing its conviction-based approach rather than price-sensitive accumulation.
Funding for purchases primarily comes from capital markets activity, including common stock issuance and shelf registrations, allowing Bitmine to expand its treasury without liquidating core holdings.
Staking Engine Powers Revenue
Approximately 3.04 million ETH – about 69% of Bitmine’s holdings – is actively staked. That position is generating an estimated $176 million in annualized staking rewards.
In Q1 2026, Bitmine plans to deploy its own infrastructure through the Made in America VAlidator Network (MAVAN). Once fully operational, projected annual staking rewards are expected to rise to roughly $252 million.
Institutional Conviction During Weak Sentiment
The surge in institutional ownership occurred during broader crypto market softness, suggesting large investors are positioning for long-term Ethereum dominance rather than reacting to short-term volatility.
With nearly $9 billion in ETH exposure and some of the largest names on Wall Street steadily increasing their stakes, Bitmine has effectively become a proxy vehicle for institutional Ethereum accumulation at scale.
If the company reaches its 5% supply target, it would solidify one of the most concentrated and influential ETH treasury positions in the market — backed by some of the most powerful financial institutions in the world.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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Source: https://coindoo.com/here-is-how-much-wall-street-giants-have-invested-in-bitmines-ethereum-strategy/
