Bitmine Surpasses $17 Billion in Crypto Holdings, Eyes Stronger Gains Ahead

Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached 5.98 million tokens, accounting for 4.9% of the total ETH supply of 122.1 million.

The company's crypto and cash holdings now total $17.1 billion, with a significant portion staked on the MAVAN platform, generating an estimated annualized yield of $357 million.

Tom Lee, Chairman of Bitmine, stated that the outperformance of Ethereum as a macro asset in Q3 2026 is a prelude to potentially stronger gains in the 4th quarter.

The company's track record of consistent buying has been unmatched by any public company, with over $13.6 billion worth of ETH staked on MAVAN at a price of $2,688 per token.