Bitmine Immersion Technologies announced an operational update, reporting its total crypto, cash, and marketable securities holdings have reached $17.2 billion as of September 27, 2026. The company's Ethereum (ETH) holdings now exceed 6 million tokens, accounting for 4.9% of the total ETH supply.
Key Details
- Total Holdings Breakdown: The $17.2 billion includes 6,001,302 ETH (valued at $2,698 per token), 213 BTC, $672 million in cash and marketable securities, and other strategic investments.
- ETH Staking Operations: The company has staked 5,067,309 ETH (84% of its holdings), which is projected to generate $358 million in annualized staking revenues.
- Strategic Goal: These holdings bring the company to 98% of its stated goal to acquire 5% of the total circulating ETH supply, a strategy it began 15 months prior.