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Ethereum Rally Fuels Bitmine's Crypto Reserves Boost

Guavy AI Editorial Team Published August 20, 2026

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ETH

Bitmine Immersion Technologies (BMNR) has seen its crypto reserves soar by $2.2 billion after Ethereum's price surged 20%.

The company holds approximately 5.815 million ETH, accounting for about 4.8% of the circulating supply.

Of this total, 87% is staked, generating an annual income of $250 million.

Tom Lee, chairman of Bitmine, views Ethereum as a key platform for AI and robotics, likening it to the operating system for future AI agents.

The Wire

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