Ethereum
Bitmine Immersion Expands Holdings to 5.93 Million Ether Totalling $15.7 Billion
Corporate treasury holdings at Bitmine Immersion Technologies have reached nearly 5% of the total circulating Ether supply.
Bitmine Immersion Technologies announced that its total treasury holdings—encompassing cryptocurrencies, cash, marketable securities, and strategic investments—reached $15.7 billion as of September 7, 2026. The firm disclosed holdings of 5,929,198 Ether valued at $2,495 per token, representing approximately 4.9% of Ethereum's total circulating supply of 122.0 million coins.
The majority of the company's Ether is committed to network validation, with 5,067,309 tokens valued at $12.6 billion staked through the Made in America Validator Network (MAVAN). Bitmine's balance sheet also includes 211 Bitcoin, $593 million in cash and marketable securities, a $180 million stake in Beast Industries, and a $91 million position in Eightco Holdings, which provides indirect exposure to OpenAI.
The company reported that its common stock gained 99% quarter-to-date following its inclusion in the Russell 1000 index in June 2026. Bitmine's strategy to acquire 5% of the Ether supply has drawn backing from institutional and private investors, including ARK Invest's Cathie Wood, Founders Fund, Pantera, Kraken, Digital Currency Group, Galaxy Digital, and Thomas Lee.
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