Bitmine ETH Holdings Top $13.7 Billion as Company Seeks 5% Stake

Bitmine Immersion Technologies, Inc. (BMNR) has announced that its Ethereum holdings have reached over 6 million tokens, exceeding $13.7 billion in value at a price of $2,698 per ETH.

The company's total crypto and cash holdings now stand at $17.2 billion, including a stake in Eightco Holdings (NASDAQ: ORBS) worth $115 million and a holding in Beast Industries valued at $180 million.

Bitmine has staked 84% of its ETH holdings on the MAVAN platform, with an annualized staking revenue projected to reach $358 million. The company's Chairman, Tom Lee, stated that Bitmine's total ETH holdings now exceed 6 million, a significant achievement in under 15 months.

Lee also noted that institutions are still underweight crypto and expects them to add to their exposure in the final months of 2026. Ethereum has outperformed other macro assets by 6,728 basis points in Q3 2026, with ETH outperforming the S&P 500.