Bitmine's Ethereum Holdings Reach 5.9 Million Tokens, Total Crypto Value Hits $15.6 Billion

Bitmine Immersion Technologies (BMNR) has announced that its Ethereum holdings have reached 5.90 million tokens, representing 4.9% of the total ETH coin supply of 120.7 million.

The company's crypto and cash holdings now total $15.6 billion, with $12.7 billion of this amount coming from staked ETH at a price of $2,511 per token.

Bitmine has been steadily increasing its ETH holdings over the past year, aiming to reach 5% of the total supply by staking more tokens on the MAVAN platform.

The company's Chairman, Thomas 'Tom' Lee, stated that ETH is currently the best-performing macro asset in 3Q26, outperforming the S&P 500 by 5,430bp so far this quarter.