Bitmine Reaches 5.82 Million ETH Holdings, Total Crypto and Cash Holdings Now $11.4 Billion

Bitmine Immersion Technologies, Inc. (BMNR) has announced its Ethereum holdings have reached 5.82 million tokens. This milestone brings its total crypto and cash holdings to $11.4 billion.

The company's ETH holdings represent 4.8% of the total ETH coin supply, which is approximately 120.7 million. Bitmine's own staking operations generated a 7-day yield of 2.61%, or an annualized yield of 9.6 billion at $1,893 per ETH.

Bitmine has also repurchased over 20.8 million shares of common stock since July under its previously announced $4 billion share repurchase program.

The company's Chairman, Thomas 'Tom' Lee, stated that the ETH/BTC ratio moving above the long-term downtrend is a sign that markets are beginning to see materialization of tokenization and agentic-AI applications, which should benefit Ethereum. He also expects easing financial conditions to be a tailwind for crypto.