Ethereum
Bitmine Immersion Technologies Reports $17.4 Billion in Total Assets and 6.02 Million ETH
Bitmine Immersion Technologies has published holdings data showing 6.02 million ETH and total assets valued at $17.4 billion.
Bitmine Immersion Technologies announced that its total treasury, cash, marketable securities, and equity holdings reached $17.4 billion as of October 4, 2026. The balance includes 6,016,414 ETH valued at $2,726 per token, accounting for 4.9% of Ethereum's circulating supply of 122.1 million tokens. The company reported reaching 99% of its target to accumulate 5% of the network's supply over a 15-month timeframe.
The firm disclosed that 5,067,309 ETH—valued at $13.8 billion—is currently staked through the MAVAN validator network. Beyond ether, Bitmine's balance sheet includes 214 bitcoin, a $180 million stake in Beast Industries, a $117 million stake in Eightco Holdings, and $643 million in cash and marketable securities.
Bitmine highlighted its inclusion in the Russell 1000 Large-cap index in June 2026 and pointed to institutional support from entities such as ARK, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital. Chairman Tom Lee stated that during the first nine months of 2026, the company's equity fell by 3% compared to a 10% decline in the price of ETH, which he attributed partly to corporate share buybacks.
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