Bitmine Immersion Technologies (BMNR) announces ETH holdings of 6.03 million tokens and total assets valued at $16.2 billion
Bitmine Immersion Technologies, a company focused on long-term cryptocurrency ownership, has disclosed that its Ethereum (ETH) holdings amount to 6.03 million tokens — representing 4.9% of the total ETH supply of 122.1 million as of October 14, 2026. The value of these holdings is approximately $12.9 billion at a price of $2,544 per ETH. In addition to its crypto assets, Bitmine holds $612 million in liquid cash and tradable securities, along with significant investments such as an $85 million stake in Eightco (NASDAQ: ORBS) and an $180 million interest in Beast Industries. Bitmine has made strategic progress toward acquiring 5% of the total ETH supply within just 15 months. The company was recently added to the Russell 1000 Large-cap Index on June 26, 2026, and its Series A preferred shares (BMNP) are traded on the NYSE at $99.53 as of October 14 — up 24% from their initial offering price of $80 in June. The company is backed by a strong institutional investor base including Cathie Wood’s ARK, Founders Fund, and Galaxy Digital. Bitmine's CEO Tom Lee expressed confidence that the firm will outperform during an anticipated crypto bull cycle following its strategic acquisitions made primarily during market downturns.
Topics: Bitmine crypto holdings Ethereum institutional investment market value
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Part of the story Bitmine Immersion Technologies Reports $15 Billion in Total Assets and Significant Ethereum Holdings (5 articles)