Crypto
BitMine's Ethereum Treasury Hits Record $17.1 Billion
BitMine Immersion Technologies reported its combined crypto, cash, marketable securities and 'moonshot' holdings reached $17.1 billion as of September 21, 2026.
The majority of this is comprised of 5,983,940 ETH worth $16.1 billion, which represents 4.9% of the total Ethereum supply.
Bitmine's treasury strategy, launched in June 2025, involves buying ETH every week.
The company also disclosed that its staked ETH has generated an annualized 2.62% yield and is projected to bring in $357 million in annualized staking revenues.