Bitmine reports 6.03M ETH holdings, total assets at $16.2B

Bitmine Immersion Technologies (NYSE: BMNR) reported holding 6,028,946 Ethereum tokens as of October 11, 2026, representing 4.9% of the total ETH supply of 122.1 million tokens, according to a company press release.

Valued at $2,544 per ETH based on Coinbase (NASDAQ: COIN) pricing, the company's combined crypto holdings, cash, marketable securities, and other investments total $16.2 billion. That figure includes $612 million in total cash and marketable securities, 214 Bitcoin, a $180 million stake in Beast Industries, and an $85 million stake in Eightco Holdings (NASDAQ: ORBS).

Of the company's ETH holdings, 5,067,309 tokens are staked, valued at approximately $12.9 billion. Bitmine said its institutional staking platform, MAVAN (Made in America VAlidator Network), generated annualized staking revenues of approximately $336 million based on currently staked ETH, with a projected annualized figure of $400 million at full scale using a 2.61% seven-day trailing yield.

The company's 9.5% Perpetual Preferred Stock (NYSE: BMNP), issued in June 2026 at $80 per share, last closed at $99.53.

Chairman Thomas Lee stated that the company acquired 12,532 ETH in the prior week and has purchased ETH every week since launching its ETH treasury strategy on June 30, 2025.

Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026. The company's institutional investors include ARK Investment Management's Cathie Wood, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital, among others.

Lee said in a statement that BMNR shares declined 3% in the first nine months of 2026, compared to a 10% decline in ETH over the same period.

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