Bitmine's Crypto Holdings Reach $11.8 Billion, With 4.8% of Total ETH Supply

Bitmine Immersion Technologies (BMNR) has announced its significant holdings in Ethereum and other cryptocurrencies, totaling $11.8 billion as of July 26, 2026.

The company's ETH holdings comprise 5.79 million tokens, which is approximately 4.8% of the total ETH coin supply of 120.7 million.

BMNR has made significant progress in its goal to acquire 5% of the ETH supply, with the company stating it is 96% of the way to achieving this target in just 13 months.

Bitmine's chairman, Thomas 'Tom' Lee, stated that the rising ETH/BTC ratio and recent price strength suggest a strengthening trend for Ethereum prices.