Bitmine Surpasses $14 Billion in Ethereum Holdings

Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached 5.85 million tokens, representing $14.2 billion at current prices.

The company's total crypto and cash holdings now stand at $14.9 billion, with a significant portion of that being staked ETH.

As of August 23, Bitmine's total staked ETH stands at 5,067,309 tokens, generating an annualized yield of $330 million.

Bitmine remains the largest ETH treasury in the world and has been a major player in the crypto market since its inception.

The company's Chairman, Tom Lee, stated that the recent weekly gain of 30% in ETH was a significant indicator of an upcoming larger move, with precedents set in May 2025 and July 2021 seeing subsequent gains of +170% and +167%, respectively.