Bitmine's ETH Holdings Surpass 5.9 Million Tokens

Bitmine Immersion Technologies (BMNR) has announced that its ETH holdings have reached 5.93 million tokens, representing 4.9% of the total ETH coin supply of 122.0 million.

The company's crypto and cash holdings now total $15.7 billion, with Bitmine being the largest Ethereum treasury in the world and the #2 global treasury behind Strategy Inc.

According to Tom Lee, Chairman of Bitmine, 'We believe there are multiple positive catalysts as we head into the final months of 2026,' citing the upcoming CLARITY Act vote, Korean investors rotating away from AI stocks, and a potential four-year cycle bottoming out in the coming weeks.

Bitmine's common stock has gained 99% quarter-to-date, making it the 4th best performing stock in the Russell 1000, with crypto equities being the largest contributor to the index's gains this quarter.