Bitmine Immersion Technologies (BMNR) announces $17.4 billion in crypto holdings and cash
Bitmine Immersion Technologies, Inc. (NYSE: BMNR), a company focused on long-term accumulation of cryptocurrencies such as Ethereum (ETH), has reported that its total portfolio—comprising ETH tokens, Bitcoin (BTC), liquid assets, marketable securities, and investments in other firms—is valued at $17.4 billion. The firm holds 6,02 million ETH tokens, representing approximately 4.9% of the total ETH supply of 122.1 million ETH. This marks significant progress toward its goal to accumulate up to 5% of Ethereum’s circulating supply. Bitmine also owns $180 million in Beast Industries and a $117 million stake in Eightco Holdings (NASDAQ: ORBS), which provides indirect exposure to OpenAI for investors. The company has been supported by major institutional backers, including Cathie Wood's ARK Invest, Pantera Capital, Galaxy Digital, Kraken, DCG, and private investor Tom Lee. Bitmine’s stock outperformed ETH during the 2025–2026 bear market cycle, with BMNR shares falling only 3% compared to a 10% decline in ETH. The company also executed one of the largest share buybacks in crypto at $21 million worth of shares in 2026.
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