Bitmine reports 5.85M ETH holdings, total assets at $14.9B

Bitmine Immersion Technologies, Inc. (NYSE: BMNR) reported holdings of 5,847,611 Ethereum (ETH) tokens as of Aug. 23, 2026, representing 4.8% of the total ETH supply of 120.7 million tokens, according to a company press release.

Valued at $2,440 per ETH based on Coinbase (NASDAQ: COIN) pricing, the company's combined crypto holdings, cash and marketable securities, and other investments total $14.9 billion. Cash and marketable securities stand at $308 million. The company also holds 210 Bitcoin.

Bitmine reported 5,067,309 ETH currently staked, valued at approximately $12.4 billion. The company said annualized staking revenues are projected at $330 million, based on a 7-day yield of 2.67%. At full scale, projected staking rewards would reach $381 million annually.

The company also disclosed a $180 million stake in Beast Industries and an $89 million stake in Eightco Holdings (NASDAQ: ORBS) as part of what it describes as "moonshot" investments.

"Over the past week, we acquired 32,447 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025 about 14 months ago," said Thomas "Tom" Lee, Chairman of Bitmine.

Lee also noted that ETH gained 30% in the past week, which he described as the largest weekly gain since May 2025. "We expect easing financial conditions to be a tailwind for crypto," Lee said.

Bitmine's staking platform, MAVAN (Made in America VAlidator Network), was launched earlier in 2026 and was originally developed for the company's own Ethereum treasury. The company said MAVAN intends to expand to serve institutional investors and custodians.

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

You May Also Be Interested In

• Pizza Hut CEO Aaron Powell resigns
• Lodestar Metals signs $75,000 investor relations deal with NIA
• General American Investors names new general counsel and CFO