Bitmine Immersion Technologies announced that its ETH holdings reached 5.93 million tokens, equivalent to 4.9% of the total circulating supply of ETH, valued at $2,495 per unit according to Coinbase data.
The combined total of crypto assets, cash, marketable securities, and strategic holdings —referred to as “moonshots“— amounts to $15.7 billion, positioning the company as the largest Ethereum holding entity in the world and the second largest globally, behind Strategy Inc.
Bitmine also holds 211 Bitcoin, a $180 million stake in Beast Industries, and $91 million in Eightco Holdings, a firm that provides indirect exposure to OpenAI. Cash and marketable securities total $593 million. Additionally, 5.07 million ETH are already staked through MAVAN, the institutional staking platform launched by the company, with a projected annualized yield of $386 million at a 2.61% weekly return.
Thomas Lee, chairman of Bitmine, highlighted that ETH is the best-performing macro asset in the third quarter of 2026, outperforming the S&P 500 by 5,430 basis points. The company’s common stock has gained 99% so far this quarter, ranking as the fourth-best performer within the Russell 1000 index, which it joined on June 26, 2026.
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