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Bitmine Surpasses $11 Billion in Ethereum Holdings

Guavy AI Editorial Team
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Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached 5.82 million tokens, valued at $11.4 billion in total crypto and cash holdings.

The company owns 96% of the way to acquiring 5% of the total ETH coin supply, a goal it aims to achieve by staking more Ethereum on its platform MAVAN.

According to Chairman Thomas 'Tom' Lee, Bitmine's focus on staking and validation has contributed significantly to the company's growth. Lee stated that Bitmine has repurchased 20.8 million shares of common stock under a $4 billion share repurchase program since July 2026.

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