Bitmine's Ethereum Holdings Reach $11.3B with 5.79 Million Tokens
Bitmine Immersion Technologies, Inc. (NYSE:BMNR) announced its total cryptocurrency and cash holdings of $11.8 billion as of Saturday. The company's holdings include 5,787,414 ETH valued at $1,948 per token according to Coinbase (NASDAQ:COIN), representing 4.8% of the total ETH supply of 120.7 million tokens.
Bitmine has also staked 4,917,189 ETH, representing $9.6 billion at the current price. The company's Ethereum treasury strategy was launched on June 30, 2025, and it has been purchasing ETH every week since then.
Additionally, Bitmine repurchased 6.1 million shares of common stock in the past week under its previously authorized $4 billion share repurchase program. Since July 1, 2026, the company has repurchased 11.6 million shares of common stock. The chairman, Thomas Lee, stated that 'Bitmine repurchased 6.1 million shares of common stock in the past week, an increase from the 5.5 million purchased the week prior.'
Bitmine's staking operations generated a 7-day yield of 2.65% annualized, with projected annualized staking revenues of $254 million.