Bitmine Surpasses $11 Billion in Crypto Holdings with Ethereum Milestone

Bitmine Immersion Technologies (BMNR) announced its Ethereum holdings have reached 5.82 million tokens, comprising 4.8% of the total ETH supply of 120.7 million.

The company's crypto and cash holdings now total $11.4 billion, with a significant portion of that amount coming from its stake in Eightco (NASDAQ: ORBS), valued at $73 million, and Beast Industries, worth $180 million.

Bitmine's Chairman, Thomas 'Tom' Lee, stated the strengthening fundamentals of crypto are driving the market, citing the recent outperformance of ETH over the Nasdaq 100 by 2,500 basis points in July.

The company has repurchased over 20.8 million shares since July 2026 under its $4 billion share repurchase program and currently holds 5,067,309 staked ETH, worth approximately $9.6 billion at $1,893 per ETH.