Bitmine Surpasses $11B in Total Holdings, Nears Goal of Acquiring 5% of Ethereum Supply

Bitmine Immersion Technologies (BMNR) has announced that its Ethereum holdings have reached 5.81 million tokens, worth $11.2 billion at a price of $1,928 per token, according to data from Coinbase.

The company's total crypto and cash holdings now stand at $11.6 billion, making it one of the largest digital asset treasuries in the world.

Bitmine owns 4.8% of the total ETH coin supply of 120.7 million tokens, which is a significant milestone for the company's goal to acquire 5% of the total ETH supply.

The company has been actively repurchasing its own shares under its $4 billion share repurchase program, with over 19 million shares cumulatively repurchased since July 2026.