Bitmine ETH Holdings Reach $17.1 Billion

Bitmine Immersion Technologies (BMNR) has announced its ETH holdings have reached 5.98 million tokens, valuing them at $17.1 billion, including total cash and marketable securities of $714 million.

The company's crypto holdings comprise 5,983,940 ETH at $2,688 per ETH, with a total staked ETH standing at 5,067,309 ($13.6 billion). This represents 4.9% of the total ETH coin supply of 122.1 million.

Thomas 'Tom' Lee, Chairman of Bitmine, stated, 'We believe a crypto bull market is underway, driven by factors including the rotation from AI back to crypto and strengthening crypto fundamentals.'

Lee also noted that Ether (ETH) has outperformed other macro assets in Q3 2026, increasing by 6,519 basis points.