Bitmine Immersion Technologies Reports ETH Holdings Reach 5.98 Million Tokens, Nearly 5% of Total Supply

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• Bitmine Immersion Technologies (NYSE American: BMNR) disclosed ETH holdings of 5,983,940 tokens, equal to roughly 4.9% of the total 122.1 million ETH supply
• Total crypto and cash holdings reached $17.1 billion, including about $16.1 billion in ETH, 212 Bitcoin, and equity stakes in Beast Industries and Eightco Holdings
• The company staked more than 5 million ETH, generating a projected $357 million in annualized staking revenue at current yields

Bitmine Immersion Technologies disclosed that its Ethereum holdings reached 5,983,940 tokens, equal to approximately 4.9% of Ethereum’s total supply of roughly 122.1 million ETH, according to the company’s press release. Valued at $2,688 per ETH by Coinbase’s pricing at the time of disclosure, the ETH position alone is worth roughly $16.1 billion, and puts Bitmine at 98% progress toward what the company calls its “Alchemy of 5%” target of owning 5% of all ETH in circulation.

Total crypto and cash holdings across the company reached $17.1 billion once other assets are included: 212 Bitcoin, a $180 million stake in Beast Industries, a $105 million stake in Nasdaq-listed Eightco Holdings (NASDAQ: ORBS), and $714 million in cash and marketable securities. Bitmine said it acquired 27,562 ETH over the past week alone, continuing the steady accumulation pace that has defined the company’s treasury strategy since it pivoted toward large-scale Ethereum holdings.

Staking makes up a significant part of Bitmine’s ETH strategy: the company has staked 5,067,309 ETH, worth roughly $13.6 billion, generating a 7-day annualized yield of 2.62%. At that rate, Bitmine projects annualized staking revenue of $357 million from its current staked position, rising to a projected $421 million once its full ETH holdings are staked at scale, giving the company a recurring revenue stream tied directly to network activity rather than solely to ETH’s market price.

“We believe a crypto bull market is underway, having started in late June, driven by rotation from AI back to crypto, strengthening fundamentals,” said Bitmine Chairman Thomas “Tom” Lee, framing the company’s continued accumulation as a bet on that broader rotation continuing rather than a one-time treasury allocation. Lee is scheduled to deliver a keynote at Korea Blockchain Week on September 30, 2026, where the company’s ETH strategy is likely to feature prominently.

Bitmine’s holdings disclosures have become a closely watched weekly data point for the broader Ethereum market, given the scale of the company’s position relative to total supply. The company was added to the Russell 1000 index on June 26, 2026, reflecting its growth into a large-cap public company built almost entirely around a single-asset corporate treasury strategy centered on Ethereum rather than the more commonly seen Bitcoin-focused approach.