Bitmine Reaches 5.93 Million ETH Tokens, Valued at $15 Billion

Bitmine Immersion Technologies announced its Ethereum holdings have reached 5.93 million tokens, valued at $15 billion, making it one of the largest ETH treasuries in the world.

The company's total crypto and cash holdings now stand at a staggering $15.7 billion, which includes 211 BTC and a $180 million stake in Beast Industries.

Bitmine has been actively buying Ethereum since June 2025, with an average weekly purchase of over 28,000 ETH tokens.

The company's Chairman, Thomas 'Tom' Lee, expects the ETH/BTC ratio to rise due to increasing use of Ethereum relative to Bitcoin, driven by institutional investment and tokenization on the blockchain.