Bitmine Reaches 5.9 Million Ethereum Holdings, Total Crypto Holdings Reach $15.6 Billion

Bitmine Immersion Technologies (BMNR) has announced that its Ethereum holdings have reached 5.9 million tokens, worth $15.6 billion in total crypto and cash holdings.

The company owns 4.9% of the total ETH coin supply of 120.7 million, and is 98% of the way to reaching the 'Alchemy of 5%' in just 15 months.

According to Thomas 'Tom' Lee, Chairman of Bitmine, 'As we enter the final month of 3Q26, ETH is the best performing macro asset, outperforming the S&P 500 by 5,430bp through last Friday.'

Bitmine's Series A Preferred Stock is trading on the NYSE under the symbol BMNP, and the company has staked more than 5 million ETH on the MAVAN platform, which is projected to generate an annualized staking revenue of $335 million.