Ethereum
BitMine Discloses 5.98 Million Ether in Treasury Holdings Valued at $17.1 Billion
A regulatory filing shows BitMine Immersion Technologies holds nearly 6 million Ether as part of a 17.1 billion dollar corporate balance sheet.
BitMine Immersion Technologies reported holding 5,983,940 Ether in its corporate treasury, according to a disclosure dated September 21. The company stated that this position represents roughly 4.9% of the circulating ETH supply cited in the filing.
In addition to its Ether holdings, BitMine reported 212 Bitcoin, 714 million dollars in cash and marketable securities, as well as equity stakes of 180 million dollars in Beast Industries and 105 million dollars in Eightco. The company valued its combined disclosed treasury assets at 17.1 billion dollars.
The disclosure highlights the growing adoption of corporate treasury strategies focused on Ethereum rather than Bitcoin alone. BitMine indicated that holding substantial ETH provides exposure to network activity, staking economics, and broader institutional demand for Ethereum-based assets.
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