Bitmine Immersion Technologies Announces $17.4 Billion in Total Crypto and Cash Holdings
Bitmine Immersion Technologies (BMNR) has announced that its total crypto holdings, including Ethereum (ETH), along with cash and marketable securities, now amount to $17.4 billion as of October 2026. The company holds approximately 6.02 million ETH tokens—representing nearly 4.9% of the total supply—and has been consistently acquiring ETH since launching its treasury strategy in June 2025. Bitmine's stock outperformed Ethereum during a challenging bear market period from 2025 to early 2026, with shares down only 3%, compared to a 10% decline for ETH. The company also executed one of the largest crypto treasury equity buybacks in history and acquired 21 million shares in 2026 alone. Bitmine has launched MAVAN (Made in America VAlidator Network), an institutional-grade staking platform, which now serves not only Bitmine but other institutional investors. The company is also supported by a strong group of institutional backers including ARK's Cathie Wood and Founders Fund.
Topics: Bitmine Ethereum institutional investment Russell 1000 staked ETH