Bitmine Immersion Technologies provided an operational update, detailing its total holdings reached $16.2 billion as of October 11, 2026. The company's valuation is primarily driven by its significant position in Ethereum (ETH), which now represents 4.9% of the total ETH supply.
Key Details
- Total Holdings: The company reports total holdings of $16.2 billion, which includes cryptocurrencies, cash, marketable securities, and other strategic investments.
- Asset Breakdown: Holdings consist of 6,028,946 ETH (valued at ~$15.3 billion at $2,544 per ETH), 214 BTC, $612 million in cash & marketable securities, and strategic investments including an $85 million stake in Eightco (ORBS).
- Staking Operations: Bitmine has 5,067,309 ETH staked (approx. 84% of its holdings), generating an estimated $336 million in annualized staking revenue. The company projects this could increase to $400 million annually at full scale.