Bitmine's Ethereum Holdings Surpass $15 Billion Amid Q3 Bull Run
Bitmine Immersion Technologies (BMNR) announced its Ethereum holdings have reached 5.90 million tokens, representing a total value of $15.6 billion. The company's crypto and cash holdings now total $15.6 billion, with 5.90 million ETH making up the majority of these assets.
The announcement comes as ETH has emerged as the best-performing macro asset in Q3 2026 so far, outperforming the S&P 500 by a significant 5,430 basis points through last Friday. Bitmine's Chairman, Thomas 'Tom' Lee, stated that this performance sets the stage for institutions to add to their crypto holdings in the final months of 2026.
The company has been actively accumulating ETH, with 53,501 tokens acquired over the past week. Since June 30, 2025, Bitmine has purchased ETH every week as part of its ETH Treasury Strategy. The company's total staked ETH stands at 5,067,309, representing a significant share of its overall holdings.