Bitmine's Ethereum Holdings Surge Past $15 Billion Amid Market Upturn
Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached $15.7 billion, including 5.93 million ETH tokens and total cash & marketable securities of $593 million. This is comprised of 5,929,198 ETH at $2,495 per ETH, along with a $180 million stake in Beast Industries and a $91 million stake in Eightco (NASDAQ: ORBS).
Bitmine owns 4.9% of the total ETH coin supply of 122.0 million, making it one of the largest Ethereum treasuries in the world. The company has been buying ETH every week since June 30, 2025, and its track record is unmatched by any public company.
According to Thomas 'Tom' Lee, Chairman of Bitmine, 'In August, ETH moved sideways without a downside break and the 12-day metric expired, which implies a renewal of the upside move. We believe this further supports the continuation of the prior uptrend.'