Bitmine reports 6.04 million ETH holdings, $15.1B total assets

Bitmine Immersion Technologies (NYSE: BMNR) disclosed holdings of 6,041,481 Ether tokens as of Oct. 18, 2026, representing 4.9% of the total ETH supply of 122.1 million tokens, according to a company press release.

At a price of $2,365 per ETH based on Coinbase (NASDAQ: COIN) pricing, the company's ETH holdings were valued at approximately $14.3 billion. Combined with total cash and marketable securities of $582 million, a $180 million stake in Beast Industries, and a $74 million stake in Eightco Holdings (NASDAQ: ORBS), the company reported total crypto and cash holdings of $15.1 billion.

Bitmine also holds 215 Bitcoin. The company stated it has purchased ETH every week since launching its ETH treasury strategy on June 30, 2025, acquiring 12,535 ETH in the most recent week.

Of its total ETH holdings, 5,067,309 tokens are staked through MAVAN, the company's institutional staking platform. The company said projected annualized staking rewards would reach $369 million if fully staked, compared to current annualized staking revenues of approximately $309 million based on 5.1 million staked ETH.

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.

Chairman Thomas Lee attributed recent crypto market pressure to investor risk aversion tied to AI funding concerns, U.S.-Iran tensions, upcoming midterm elections, and rising global bond yields.

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