Bitmine Immersion’s ETH Stash Crosses 6 Million, Total Holdings Hit $17.2B

Bitmine Immersion ETH reserves-
Table of Contents

TL;DR:

  • Bitmine Immersion Technologies reported holding 6,001,302 Ethereum tokens at the close of September 27, 2026.
  • The company’s aggregate treasury in cryptocurrencies, cash, and investments totaled $17.2 billion on the same cutoff date.
  • The firm maintains 5.07 million ETH placed in staking mechanisms, equivalent to 84% of its reserves of this asset.

Bitmine Immersion’s ETH holdings surpassed the 6 million unit mark. This was announced by the blockchain infrastructure company this Monday, September 28.

Bitmine’s consolidated balance sheet places its inventory at 6,001,302 Ethereum tokens. According to the entity’s official report, this figure represents 4.9% of the circulating supply of said network, estimated at 122.1 million assets. The most recent weekly acquisition incorporated 17,362 ETH into its corporate coffers.

The combined sum of digital assets, cash balances, and marketable securities recorded a valuation of $17.2 billion as of September 27.

With this capital, Bitmine positions itself as the largest corporate holder of Ethereum internationally and the second largest crypto-asset treasury in the global market, so far only surpassed by Strategy Inc., according to data presented in the corporate communication. The firm’s management indicated that the systematic purchase program has been executed weekly since its formal implementation on June 30, 2025.

Bitmine Immersion ETH reserves-

Staking Deployment and Corporate Dynamics

Of the total accumulated on the balance sheet, the company maintains 5.07 million ETH assigned to network validation. This staking volume has a valuation of $13.7 billion under the prices recorded at the end of the week.

Projections formulated by the company’s financial administration indicate that this segment would generate annualized income of $358 million at the current operating pace. In its technical report, Bitmine reported an annualized rate of return of 2.62% calculated over the rolling window of the last seven days. Internal management estimates suggest that the annual profitability could rise to $424 million once the full planned deployment of its reserves is completed.

On the stock market, the company is listed on the New York Stock Exchange under the symbol BMNR, complemented by its Series A preferred shares under the denomination BMNP. The firm finalized its inclusion in the Russell 1000 large-cap index on June 26, 2026.

The quarterly performance presented by the company attributes an advantage of 6,728 basis points to ETH over the S&P 500 stock index during the third quarter of 2026. Analysis disclosed by the executive team indicates that this gap responds to greater institutional adoption and flows oriented towards yield instruments on decentralized assets.

The chairman of Bitmine’s board of directors, Thomas Lee, has a scheduled public speech on September 30, 2026, within the framework of the Korea Blockchain Week conference in Seoul, where he will present operational details of the treasury strategy.

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