Key Takeaways
- • Bitmine Immersion Technologies (BMNR) holds 6.02 million ETH tokens, representing 4.9% of the total ETH supply of 122.1 million coins, achieved in approximately 15 months of accumulation.
- • Total assets under management reach $17.4 billion, comprising 6.02 million ETH tokens, $643 million in cash and marketable securities, and additional cryptocurrency holdings and "moonshot" investments.
- • Bitmine has 5,067,309 staked ETH worth $13.8 billion at current valuations, operating the MAVAN (Made in America Validator Network) as a premier Ethereum staking destination for institutional and retail investors.
- • The company was added to the Russell 1000 Large-cap index in June 2026 and trades on the NYSE under symbols BMNR (common equity) and BMNP (Series A Preferred Stock).
- • Institutional backing includes ARK Invest's Cathie Wood, Founders Fund, Pantera, Kraken, Galaxy Digital, and personal investors including analyst Tom Lee, who is delivering the keynote at Token2049 in Singapore on October 7, 2026.
Summary
Bitmine Immersion Technologies announced holdings of 6.02 million Ethereum tokens as of October 5, 2026, positioning the company as a significant holder of the world's second-largest cryptocurrency by market capitalization. The 6.02 million ETH tokens represent 4.9% of Ethereum's total circulating supply of 122.1 million coins, a milestone achieved in under 15 months of focused accumulation. This represents approximately 99% progress toward the company's stated goal of acquiring 5% of total ETH supply, an objective the company refers to as the "Alchemy of 5%."
The company's combined crypto and cash holdings total $17.4 billion, inclusive of the 6.02 million ETH tokens, $643 million in cash and marketable securities, and other cryptocurrency and venture investments. Among these holdings, 5,067,309 ETH tokens are actively staked on the Ethereum network, generating protocol rewards and representing $13.8 billion in value at $2,726 per token. Bitmine operates the MAVAN (Made in America Validator Network), positioning itself as a premier staking destination for both institutional and retail investors seeking Ethereum protocol exposure.
The company also holds $117 million in shares of Eightco (NASDAQ: ORBS), a publicly traded vehicle providing indirect exposure to OpenAI's valuation and developments. Bitmine achieved inclusion in the Russell 1000 Large-cap index on June 26, 2026, broadening its accessibility to institutional index investors. The company's Series A Preferred Stock trades on the New York Stock Exchange under the symbol BMNP, alongside common equity trading under BMNR.
Institutional support for Bitmine's accumulation strategy remains robust, with backing from prominent cryptocurrency and venture investors including ARK Invest's Cathie Wood, Founders Fund, Pantera Capital, Kraken, Galaxy Digital, and DCG, along with prominent cryptocurrency analyst Tom Lee. Lee is scheduled to deliver the keynote address at Token2049 on October 7, 2026, in Singapore, a major annual conference focused on blockchain and digital asset developments.
The company's combined crypto and cash holdings total $17.4 billion, inclusive of the 6.02 million ETH tokens, $643 million in cash and marketable securities, and other cryptocurrency and venture investments. Among these holdings, 5,067,309 ETH tokens are actively staked on the Ethereum network, generating protocol rewards and representing $13.8 billion in value at $2,726 per token. Bitmine operates the MAVAN (Made in America Validator Network), positioning itself as a premier staking destination for both institutional and retail investors seeking Ethereum protocol exposure.
The company also holds $117 million in shares of Eightco (NASDAQ: ORBS), a publicly traded vehicle providing indirect exposure to OpenAI's valuation and developments. Bitmine achieved inclusion in the Russell 1000 Large-cap index on June 26, 2026, broadening its accessibility to institutional index investors. The company's Series A Preferred Stock trades on the New York Stock Exchange under the symbol BMNP, alongside common equity trading under BMNR.
Institutional support for Bitmine's accumulation strategy remains robust, with backing from prominent cryptocurrency and venture investors including ARK Invest's Cathie Wood, Founders Fund, Pantera Capital, Kraken, Galaxy Digital, and DCG, along with prominent cryptocurrency analyst Tom Lee. Lee is scheduled to deliver the keynote address at Token2049 on October 7, 2026, in Singapore, a major annual conference focused on blockchain and digital asset developments.
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