Bitmine ETH Holdings Soar to 5.79 Million Tokens, Total Holdings Reach $11.8 Billion

Bitmine Immersion Technologies has announced that its Ethereum holdings have reached 5.79 million tokens, representing 4.8% of the total ETH coin supply of 120.7 million.

The company's total crypto and cash holdings now stand at $11.8 billion, with $268 million in total cash and marketable securities.

Bitmine repurchased 6.1 million common stock shares in the past week as part of its $4 billion share repurchase program, bringing the total to 11.6 million shares since July 1, 2026.

Thomas 'Tom' Lee, Chairman of Bitmine, believes that the rising ETH/BTC ratio is a sign that crypto prices are strengthening and expects the next key levels to clear for ETH to be $2,000 and $2,500.