$BMNR · BITMINE IMMERSION TECHNOLOGIES, INC.
Bitmine Immersion Technologies filed an 8-K with a Regulation FD press release disclosing its crypto and cash holdings as of October 4, 2026. The company holds 6,016,414 ETH (4.9% of total ETH supply) valued at $16.4B at $2,726/ETH, plus 214 BTC, $643M in cash & marketable securities, and $297M in moonshot investments (Eightco and Beast Industries), totaling $17.4 billion. Staked ETH stands at 5,067,309 tokens ($13.8B) generating a 2.63% annualized 7-day yield with projected annualized staking revenue of $363 million.
- ETH holdings reached 6,016,414 tokens, representing 4.9% of the total 122.1 million ETH supply.
- Total crypto + cash & marketable securities + moonshots holdings stand at $17.4 billion as of October 4, 2026.
- 5,067,309 ETH ($13.8B) is staked, generating a 7-day annualized yield of 2.63% and projected annualized staking revenue of $363 million.
- BMNR outperformed ETH by 731 basis points in the first 9 months of 2026 (ETH -10% vs BMNR -3%).
- The company acquired 15,112 ETH in the past week and has bought ETH every week since the Treasury Strategy launched on June 30, 2025.
BMNR is up +1.83% in the regular session at $26.75 on a $15.24B market cap. The disclosure of $17.4B in total holdings — exceeding the market cap — reinforces the deep asset-backing narrative that has defined the stock's premium to ETH.
Bitmine's $17.4B in disclosed holdings exceeds its $15.24B market cap, and the company is on the cusp of its flagship 5% ETH supply milestone — a narrative anchor for the largest ETH treasury in the $
Bitmine positions as the #1 ETH treasury globally and #2 overall crypto treasury behind Strategy (MSTR) with its 847,666 BTC (~$78B). The MAVAN staking platform expansion into institutional clients mirrors the infrastructure-as-service model that defined the Bitcoin mining sector's maturation.
Forward-looking statements flag extreme ETH price volatility, regulatory risk around the GENIUS Act and SEC Project Crypto, staking slashing events, and reliance on third-party pricing. The 5% ETH accumulation goal remains aspirational and unfinanced.
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