Bitmine Surpasses $17 Billion in Holdings with Record-Eth Accumulation

Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached 5.98 million tokens, representing $17.1 billion in value. This milestone comes just 15 months after BMNR began accumulating ETH.

The company now owns 4.9% of the total ETH supply, with a market capitalization of $122.1 million. In comparison to other macro assets, Ethereum has outperformed the S&P 500 by 6,519 basis points in Q3 2026 so far.

Tom Lee, Chairman of Bitmine, stated 'We believe a crypto bull market is underway, having started in late June, driven by a multitude of factors including the rotation from AI back to crypto...'