Bitmine ETH holdings top 6 million tokens, valued at $17.2B

Bitmine Immersion Technologies (NYSE: BMNR) reported that its Ethereum holdings reached 6,001,302 ETH tokens as of September 27, 2026, representing 4.9% of the total ETH supply of 122.1 million tokens, according to a company press release.

Valued at $2,698 per ETH based on Coinbase (NASDAQ: COIN) pricing, the company's combined crypto, cash, marketable securities, and other investments total $17.2 billion. The holdings include 213 Bitcoin, total cash and marketable securities of $672 million, a $180 million stake in Beast Industries, and a $115 million stake in Eightco Holdings (NASDAQ: ORBS).

Of the total ETH held, 5,067,309 tokens — valued at approximately $13.7 billion — are staked through the company's MAVAN (Made in America VAlidator Network) platform. The company reported a 7-day annualized staking yield of 2.62%, with projected annualized staking revenues of $358 million. At full staking scale, the company projects annualized staking rewards of $424 million.

Chairman Tom Lee stated the company acquired 17,362 ETH in the past week and has purchased ETH every week since launching its ETH Treasury Strategy on June 30, 2025. Lee also noted that annualized staking revenues stand at $358 million, with 5.1 million ETH representing 84% of total holdings currently staked.

According to data cited from Fundstrat, Bitmine stock ranked 94th among 5,704 U.S.-listed stocks by five-day average daily dollar volume at $1.1 billion as of September 25, 2026.

Bitmine's Series A Preferred Stock trades on the NYSE under the symbol BMNP. The company was added to the Russell 1000 large-cap index on June 26, 2026.

Tom Lee is scheduled to deliver a keynote at Korea Blockchain Week on September 30, 2026, in Seoul.

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