Bitmine Immersion Technologies Reports $11.4 Billion in Crypto Holdings and 5.82 Million ETH

Bitmine Immersion Technologies, Inc. has revealed that its Ethereum holdings have surged to 5.82 million tokens, accounting for 4.8% of the total Ethereum supply of 120.7 million. The company’s total crypto and cash holdings now stand at an impressive $11.4 billion.

As of August 16, 2026, Bitmine's crypto portfolio includes 210 Bitcoin (BTC), $180 million in Beast Industries, and $73 million in Eightco Holdings, alongside $78 million in cash and marketable securities. The company has been actively acquiring Ethereum, purchasing an additional 9,926 ETH recently, and aims to reach its target of owning 5% of the total ETH supply.

Thomas “Tom” Lee, Chairman of Bitmine, noted the rising ETH/BTC ratio as a positive indicator for Ethereum's future, suggesting that upcoming cycles will be driven by the tokenization of assets and advancements in agentic AI. He also highlighted that easing financial conditions could benefit the crypto market.

Bitmine has staked over 5 million ETH, valued at approximately $9.6 billion, through its institutional-grade staking platform, MAVAN. The company projects annualized staking revenues of $250 million, with its staking operations yielding a 2.61% return over the past week.

In addition to its crypto strategy, Bitmine has been actively repurchasing shares, having bought back 1.7 million common shares in the past week, totaling over 20.8 million shares since July under a $4 billion buyback program.