Bitmine's Crypto Holdings Surpass $15.8 Billion Amidst Institutional Interest
Bitmine Immersion Technologies, Inc., a blockchain technology infrastructure company, has announced that its crypto, cash, and marketable securities holdings total $15.8 billion as of September 13, 2026. The Company's holdings consist of 5,956,378 ETH at an average price of $2,513 per ETH, valued at approximately $12.7 billion, and a stake in Beast Industries worth $180 million.
Bitmine also holds $98 million in Eightco Holdings (NASDAQ: ORBS), which provides investors with indirect exposure to OpenAI. The Company's total cash and marketable securities amount to $549 million. Notably, Bitmine's ETH holdings account for 4.9% of the total ETH supply.
Tom Lee, Chairman of Bitmine, stated that the price ratio of ETH to BTC has moved up, driven by Ethereum's strengthened position as a settlement rail for Wall Street tokenization and agentic-AI management. This trend suggests that institutions are preparing to add more crypto holdings in the coming months.