- Bitmine Immersion Technologies holds 6,001,302 ETH, worth roughly $16.1-16.2 billion, after adding 17,362 ETH last week, an acquisition worth about $47 million at the $2,698 snapshot price used in its release.
- The position equals 4.9% of Ethereum's 122.1 million circulating tokens, putting Bitmine 98% of the way to its stated 'Alchemy of 5%' supply target 15 months into the strategy.
- Bitmine has staked 5,067,309 ETH, or 84% of its holdings and $13.6 billion in value, generating a 7-day annualized yield of 2.62% and projected staking revenue of $358 million a year, rising to $424 million if all tokens are staked.
- Total reported holdings of $17.2 billion include 213 BTC, $672 million in cash and marketable securities, a $115 million stake in Eightco Holdings and a $180 million stake in Beast Industries.
- Bitmine remains the largest Ethereum treasury company, ahead of Sharplink at roughly 888,938 ETH and The Ether Machine at 496,712 ETH, and is the second-largest public crypto treasury overall behind Strategy's 847,666 BTC.
- Chairman Tom Lee reads a crypto bull market as underway since late June and expects institutions to add crypto exposure in the final months of 2026, citing Ethereum's outperformance of the S&P 500 by about 67 percentage points for the calendar quarter to date.
Quotes
“Bitmine's total ETH holdings now exceed 6 million. This is a tremendous achievement, accumulating this total in under 15 months.”
“In our view, institutions are still underweight crypto, and we expect them to be adding to their exposure in the final months of 2026.”
“Bitmine has staked more ETH than other entities in the world”
“For the calendar quarter to date, ETH is outperforming by 6,728bp, dwarfing other macro assets.”