Bitmine Hits 6 Million ETH Mark with $17.2 Billion in Crypto Holdings

Bitmine Immersion Technologies (BMNR) has announced that its ETH holdings have reached over 6 million tokens, making up 4.9% of the total ETH coin supply of 122.1 million.

The company's crypto holdings are comprised of 6,001,302 ETH at $2,698 per ETH, along with 213 Bitcoin (BTC), a $180 million stake in Beast Industries, and a $115 million stake in Eightco Holdings (NASDAQ: ORBS).

Bitmine also holds total cash & marketable securities of $672 million. The company's staked ETH stands at 5,067,309 ($13.7 billion at $2,698 per ETH) on the MAVAN platform.

Tom Lee, Chairman of Bitmine, stated that 'We are already seeing the synergies and positive network effects from our accumulating nearly 5% of ETH total supply.' He also added that institutions are still underweight crypto and expect them to be adding to their exposure in the final months of 2026.