Bitmine Hits $15.7 Billion Crypto Holdings Milestone, Sees Institutions Flocking to Ethereum
Bitmine Immersion Technologies (BMNR) made significant announcements regarding its crypto holdings. As of September 7, 2026, the company holds 5.93 million ETH tokens, valued at $15.7 billion. This comprises 4.9% of the total ETH coin supply of 122 million.
The company's common stock has seen a gain of 99% quarter to date, ranking fourth among the Russell 1000. Bitmine's crypto equities are the largest contributor to the index's gains this quarter, with four of the top 21 stocks being related to cryptocurrency.
Ethereum (ETH) is currently the best-performing macro asset in Q3 2026, outperforming the S&P 500 by 5,430 basis points. Bitmine Chairman Tom Lee stated that institutions should consider adding to their crypto holdings given this substantial outperformance.