Bitmine ETH Holdings Reach 5.82 Million Tokens, Valued at $11.4 Billion

Bitmine Immersion Technologies (BMNR) has announced that its Ethereum holdings have reached 5.82 million tokens, making up 4.8% of the total ETH supply.

The company's total crypto and cash holdings now stand at $11.4 billion, with a significant portion staked on the MAVAN platform.

Bitmine repurchased 1.7 million shares of common stock in the past week under its previously authorized $4 billion share repurchase program, bringing the cumulative total to over 20.8 million shares since July 2026.

According to Thomas 'Tom' Lee, Chairman of Bitmine, the strengthening fundamentals of crypto are reflected in the ETH/BTC ratio reaching a new high, driven by increasing use of Ethereum relative to Bitcoin.