Key Takeaways
- • Bitmine Immersion Technologies reported total holdings of cryptocurrency, cash, marketable securities and investments of $15.1 billion as of October 18, 2026, according to a company announcement.
- • The company holds 6,041,481 ETH valued at $2,365 per token per Coinbase pricing, representing 4.9% of the 122.1 million ETH total supply.
- • Bitmine holds 5,067,309 staked ETH valued at roughly $12 billion at current prices, and acquired 12,535 ETH over the past week.
- • Holdings also include a $180 million stake in Beast Industries, a $74 million stake in Eightco Holdings, and $582 million in cash and marketable securities.
- • Chairman Thomas Lee attributed weaker investor risk appetite to AI funding and model safety concerns, US-Iran conflict, US midterm election uncertainty, and rising global bond yields.
Summary
Bitmine Immersion Technologies, Inc. announced that its total holdings of cryptocurrency, cash, marketable securities and investments reached $15.1 billion as of October 18, 2026, according to a company press release. The figure is anchored by the company's Ethereum position, which comprises 6,041,481 ETH valued at $2,365 per token based on Coinbase pricing. That stake represents 4.9% of the total ETH supply of 122.1 million tokens.
The company reported that it acquired 12,535 ETH over the past week and has purchased ETH every week since launching its ETH Treasury Strategy on June 30, 2025. Of its Ethereum holdings, 5,067,309 ETH are staked, valued at approximately $12 billion at current prices. Bitmine operates MAVAN, an institutional-grade staking platform initially developed for the company's own Ethereum treasury, which has since been expanded to serve institutional investors and custodians.
Beyond crypto, Bitmine holds a $180 million stake in Beast Industries, a $74 million stake in Eightco Holdings, and $582 million in cash and marketable securities. The company's Series A Preferred Stock trades on the NYSE, and it was added to the Large-cap index on June 26, 2026. Its institutional investors include ARK's Cathie Wood, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital.
Chairman Thomas Lee attributed the recent contraction in investor risk appetite to a combination of AI funding and AI model safety concerns, escalating US-Iran war activity, anxiety ahead of the US midterm elections, and generally rising bond yields globally.
The company reported that it acquired 12,535 ETH over the past week and has purchased ETH every week since launching its ETH Treasury Strategy on June 30, 2025. Of its Ethereum holdings, 5,067,309 ETH are staked, valued at approximately $12 billion at current prices. Bitmine operates MAVAN, an institutional-grade staking platform initially developed for the company's own Ethereum treasury, which has since been expanded to serve institutional investors and custodians.
Beyond crypto, Bitmine holds a $180 million stake in Beast Industries, a $74 million stake in Eightco Holdings, and $582 million in cash and marketable securities. The company's Series A Preferred Stock trades on the NYSE, and it was added to the Large-cap index on June 26, 2026. Its institutional investors include ARK's Cathie Wood, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital.
Chairman Thomas Lee attributed the recent contraction in investor risk appetite to a combination of AI funding and AI model safety concerns, escalating US-Iran war activity, anxiety ahead of the US midterm elections, and generally rising bond yields globally.
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