Bitmine Surpasses $11.6 Billion in Crypto Holdings, Cements Ethereum Treasury Leadership

Bitmine Immersion Technologies, Inc., the leading Ethereum Treasury company, has announced that its total crypto and cash holdings have reached $11.6 billion as of August 9, 2026.

The company's ETH holdings now stand at 5.81 million tokens, accounting for 4.8% of the total ETH coin supply of 120.7 million. This milestone was achieved in just 14 months since Bitmine pivoted to an Ethereum Treasury strategy on June 30 last year.

Notably, Bitmine's crypto holdings have outperformed the Nasdaq 100 by a significant margin, with ETH exceeding the index by 2,500 basis points in July. This reflects the strengthening fundamentals of the crypto market.

Thomas 'Tom' Lee, Chairman of Bitmine, stated that the company continues to view its common shares as undervalued and has repurchased over 19 million shares since July 2026 under the $4 billion share repurchase program.