Bitmine Surpasses $14 Billion in Crypto Holdings with Record-Equity ETH Stash

Bitmine Immersion Technologies has reached another significant milestone in its Ethereum (ETH) accumulation strategy. As of August 23, 2026, the company owns a total of 5.85 million ETH tokens, representing 4.8% of the total ETH coin supply.

This achievement comes just 14 months after Bitmine initiated its 'Alchemy of 5%' goal, and it has already reached 97% of that target.

The company's ETH holdings are valued at $12.4 billion at a price of $2,440 per token, according to Coinbase. In addition to its ETH stash, Bitmine also holds $180 million in Beast Industries, $89 million in Eightco Holdings (NASDAQ: ORBS), and total cash & marketable securities of $308 million.

Bitmine's Chairman, Thomas 'Tom' Lee, believes that the recent 30% gain in ETH is a sign of a larger move to come. He attributes this upside to strengthening fundamentals in crypto, Wall Street tokenization, and agentic-AI.