Bitmine's Ethereum Holdings Surge Past $6M, Total Crypto Holdings Reach $15B
Bitmine Immersion Technologies (BMNR) has announced that its Ethereum holdings have reached 5.96 million tokens, representing 4.9% of the total ETH coin supply of 122.0 million. The company's crypto and cash holdings now total $15.8 billion.
In a statement, Tom Lee, Chairman of Bitmine, said, 'The price ratio of ETH to BTC has moved up during crypto bull cycles driven by increasing use of Ethereum relative to Bitcoin.'
Lee also stated that the current uptrend in the ETH/BTC ratio is being fueled by Wall Street tokenization and agentic-AI using blockchains. Bitmine's track record of consistent buying of crypto is unmatched by any public company, with the company having bought ETH each week since June 30, 2025.
The company has also launched MAVAN (the Made in America VAlidator Network), an institutional-grade staking platform that allows institutional investors to stake their Ethereum tokens. As of September 7, 2026, Bitmine's total staked ETH stands at 5,067,309 ($12.7 billion at $2,513 per ETH).