Bitmine says it holds over 6 million ETH and $17.2 billion in crypto, cash and securities
Bitmine Immersion Technologies says its crypto, cash and marketable securities holdings total $17.2 billion, including more than 6 million ETH worth $13.7 billion at $2,698 per token.
Why it matters
A single corporate holder claiming 4.9% of all circulating ETH concentrates a large share of the asset's supply in one company's treasury and adds to the open question of who owns the remaining staked supply. The figures come from one company announcement reproduced by one aggregator outlet, so the size of the position is unverified.
Key facts
Bitmine Immersion Technologies says its total crypto, cash and marketable securities holdings reached $17.2 billion, including over 6 million ETH.
17,200,000,000 USDReported by Bitcoin Insider
Bitmine says it has 5,067,309 staked ETH worth $13.7 billion at $2,698 per ETH.
5,067,309 ETHReported by Bitcoin Insider
Bitmine states it owns 4.9% of the 122.1 million ETH in circulation and is 98% of the way to its 5% target after 15 months.
4.9 %Reported by Bitcoin Insider
Bitmine reports $672 million in cash and marketable securities.
672,000,000 USDReported by Bitcoin Insider
Bitmine says it holds $115 million of Eightco, which it describes as one of the few listed equities offering indirect exposure to OpenAI.
115,000,000 USDReported by Bitcoin Insider
Bitmine lists its Series A preferred stock on the NYSE under the symbol BMNP and names ARK's Cathie Wood, Founders Fund, Pantera, Kraken, DCG, Galaxy Digital and Tom Lee among its supporters.
Reported by Bitcoin Insider
What happened
Bitcoin Insider, republishing a Bitmine Immersion Technologies release issued through PRNewswire from Norwalk, Connecticut, reported on 28 September 2026 that the company holds more than 6 million ETH and $17.2 billion in total crypto, cash and marketable securities. The release puts staked ETH at 5,067,309 tokens valued at $13.7 billion at a price of $2,698 per ETH, with $672 million in cash and marketable securities, and says the total also includes other crypto holdings. Bitmine states it owns 4.9% of the 122.1 million ETH in circulation and is 98% of the way toward its 'Alchemy of 5%' target after 15 months. Only one outlet carried the story, so the holdings figures are company-supplied and not independently confirmed, and the release text available to the desk ends mid-sentence without the underlying financial detail. Other items in the release cover a $115 million holding in Eightco, a Series A preferred stock trading on the NYSE under the symbol BMNP, addition to the Russell 1000 Large-cap index on 26 June 2026, MAVAN as a staking destination, and a Tom Lee keynote at KBW on 30 September 2026.
How the story developed
- First report
First report by Bitcoin Insider
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach over 6 Million Tokens with Total Crypto, Cash & Marketable Securities Holdings of $17.2 Billion
- Official statement
Bitmine issues a press release through PRNewswire detailing its crypto, cash and securities holdings
The release from Norwalk, Connecticut, reports $17.2 billion in total holdings including more than 6 million ETH.
- Update
Bitcoin Insider publishes the Bitmine holdings announcement
The only outlet in the evidence set to carry the story, republishing the company release.
- Update
Bitmine added to the Russell 1000 Large-cap index
- Update
Tom Lee scheduled to deliver the keynote at KBW
Announced in the release as an upcoming 30 September 2026 speaking slot.
Affected entities
Also mentioned: Coinbase, Kraken, South Korea, Chainlink, Galaxy Digital
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin Insider Aggregator | Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach over 6 Million Tokens with Total Crypto, Cash & Marketable Securities Holdings of $17.2 Billion | Original |
Related events
Bitmine Buys 12,532 ETH, Holdings Reach 4.9% of Supply as Tom Lee Signals End to Accumulation
Bitmine acquired 12,532 ETH last week, bringing holdings to 6,028,946 ETH (4.9% of supply), with Chairman Tom Lee stating the firm needs about 100,000 more ETH to hit its 5% target and will then stop buying.
IMF study finds tokenized stock demand outside U.S. hours, flags volatility and thin liquidity
IMF research shows over half of tokenized U.S. stock trading occurs after hours with 80% of trades below one share, but tokenized equities are 1.5 times more volatile and less liquid than traditional shares.
Goldman Sachs Upgrades Palantir to Buy With $230 Price Target
Goldman Sachs analyst Gabriela Borges upgraded Palantir to Buy from Neutral with a $230 price target on October 8, 2026, citing expanding addressable market and strong revenue growth.
Kevin O'Leary says he is buying crypto again while awaiting stock exchange blockchain adoption
Kevin O'Leary told The Block at the Avalanche Summit in New York that he is buying new crypto positions and expects the first major stock exchange to adopt a blockchain.
Trump purchased up to $5 million in SpaceX bonds before signing space industry order
Finbold reported President Trump bought up to $5 million in SpaceX senior unsecured bonds on August 18, two days before signing a memorandum to accelerate the U.S. commercial space industry.
