Bitmine Surpasses $17B in Holdings with Over 6 Million Ethereum Tokens
Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings exceed 6 million tokens, totaling 4.9% of the total ETH supply of 122.1 million. This milestone was reached in under 15 months.
The company's total crypto, cash, and marketable securities holdings amount to $17.2 billion, with over 6 million ETH tokens valued at $16.3 billion, plus $672 million in total cash and marketable securities. Additionally, Bitmine holds a significant stake in Eightco (NASDAQ: ORBS), one of the few publicly listed equities providing indirect exposure to OpenAI.
Tom Lee, Chairman of Bitmine, stated that accumulating nearly 5% of ETH's total supply is a 'tremendous achievement.' He also noted that institutions are still underweight in crypto and expect them to add to their exposure in the final months of 2026. As of September 27, 2026, at 3:00 pm ET, Bitmine's ETH holdings stand at $13.7 billion, with a 7-day yield of 2.62%.
Bitmine's institutional-grade staking platform, MAVAN (Made in America VAlidator Network), serves both the company's own Ethereum treasury and institutional investors seeking best-in-class staking infrastructure. Bitmine remains supported by a premier group of institutional investors, including ARK's Cathie Wood and Pantera.