Bitmine Reports $14.9 Billion in Crypto Holdings Amid Ethereum Price Surge

Bitmine Immersion Technologies, Inc., a company known for its Ethereum treasury strategy, reported an impressive $14.9 billion in total holdings as of August 23, 2026. This figure includes cash and marketable securities totaling $308 million.

The company's ETH holdings represent a significant portion of its overall wealth, with 5,847,611 units valued at $2,440 per ETH based on Coinbase pricing. Bitmine has been purchasing ETH every week since launching its ETH Treasury Strategy on June 30, 2025, with the most recent acquisition being 32,447 ETH over the past week.

The company's staked ETH is particularly noteworthy, with 5,067,309 units valued at $12.4 billion at $2,440 per ETH. Bitmine projects annualized staking revenues of $330 million and a 7-day yield of 2.67% on an annualized basis.

Bitmine operates MAVAN (Made in America Validator Network), an institutional-grade staking platform that the company plans to expand to serve institutional investors, custodians, and ecosystem partners. The addition of Bitmine to the Large-cap index on June 26, 2026, is also a significant development.

Thomas Lee, Chairman of Bitmine, attributed the recent surge in ETH prices to White House signals of support for crypto and Treasury purchases of long-term bonds, which have boosted risk appetite.