Bitmine ETH Holdings Surpass $11 Billion Amid Rising Crypto Prices

Bitmine Immersion Technologies (BMNR) has announced its significant ETH holdings, reaching 5.79 million tokens. This represents 4.8% of the total ETH coin supply of 120.7 million, making Bitmine's ETH treasury the largest in the world.

The company's crypto and cash holdings now total $11.8 billion, with a notable $268 million in total cash and marketable securities. Bitmine has also repurchased 6.1 million common stock shares in the past week under its $4 billion share repurchase program, adding to the 5.5 million purchased the week prior.

Thomas 'Tom' Lee, Chairman of Bitmine, stated that the company views the rising ETH/BTC ratio as a sign that crypto prices are strengthening, despite the falling odds of passage of the Clarity Act in 2026. Lee also highlighted the potential for ETH prices to reach $2,000 and $2,500 in the near term.

Bitmine's staking operations have generated a 7-day yield of 2.65% (annualized), with projected annualized staking revenues of approximately $254 million. The company's commitment to acquiring ETH weekly under its ETH Treasury Strategy has been ongoing since June 30, 2025.

Bitmine has also launched MAVAN (Made in America VAlidator Network), a premier Ethereum staking destination for institutional investors and the public market.