Bitmine Immersion Technologies Reveals Massive Ethereum Holdings

Bitmine Immersion Technologies, Inc. (BMNR) has reported significant holdings in Ethereum and other assets as of September 20, 2026. The company holds a substantial 5,983,940 ETH, which accounts for approximately 4.9% of the total supply.

This large concentration of ETH makes BMNR highly sensitive to changes in the price of Ethereum.

BMNR also reported a total of $17.1 billion in assets, including cash and securities worth $714 million.

The company generates yield from staking its 5.07 million ETH, but this comes with protocol and lock-up risks that can impact cash flows.