Bitmine Surpasses 6 Million ETH Holdings, Totaling Over $17 Billion

Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have surpassed 6 million tokens, totaling over $17.2 billion in value. This achievement comes after just under 15 months of accumulating ETH.

The company's Chairman, Thomas 'Tom' Lee, stated that Bitmine is already seeing the benefits of accumulating nearly 5% of the total ETH supply. He noted that institutions are still underweight crypto and expects them to increase their exposure in the final months of 2026.

Bitmine's staked ETH currently stands at 5.067 million, generating a yield of $424 million on an annualized basis when fully staked by MAVAN and its partners.