Tom Lee’s Bitmine Boosts ETH Holdings to More Than 6 Million
Bitmine Immersion Technologies Keeps its Aggressive Ethereum Accumulation Strategy Going with 17,362 ETH Accumulated in the Last Week The latest acquisition has pushed the company’s Ethereum holdings beyond 6 million units as Bitmine moves closer to its objective of holding 5% of the total ETH supply. The firm said it has been buying Ethereum on a weekly basis since the launch of its ETH Treasury Strategy in June 2025.
Bitmine Adds 17362 ETH to Treasury
Bitmine’s latest company announcement reveals that the company was holding 6,001,302 ETH as of September 27, 2026. The holdings were worth around $16.2 billion at an ETH price of $2,698. Bitmine’s ETH holdings represent about 4.9% of the total supply of 122.1 million ETH circulating for Ethereum.
The latest acquisition is the latest in a buying binge that has been going on for over a year. Bitmine has been consistently purchasing ETH on a weekly basis since June 30, 2025, showing the consistency of its treasury strategy, it said.
Bitmine Approaches 5% of Ethereum Supply Target
Bitmine is now 98% of the way toward its goal to own 5% of the total Ethereum supply. At the current reported supply of the company, reaching 5% would take around 6.105 million ETH, meaning that the company is some 104,000 ETH short of that target.
The company passed the 6 million ETH mark after announcing it held about 5.98 million ETH at the end of September. So the latest accumulation adds a significant increase to its Ethereum treasury.
5 Million ETH Staked Already
Bitmine has also staked a significant portion of its Ethereum holdings. As of 27 September, the company had staked 5,067,309 ETH, or approximately 84% of its total holdings of 6.0 million ETH.
At an ETH price of $2,698, the staked holdings were worth about $13.7 billion. Bitmine stated that its current staking operations are projected to generate an annualized revenue of approximately $358 million and estimates that potential annualized staking rewards could be approximately $424 million when its ETH is fully staked.
Bitmine Holds $17.2 Billion in Crypto and Cash Total
Outside of Ethereum Bitmine’s total cash, marketable securities and other selected investments were valued at around $17.2 billion.
The company has 213 BTC, $672 million in cash and marketable securities, a $180 million investment in Beast Industries and a $115 million stake in Eightco Holdings. The figures indicate that Ethereum continues to be the dominant asset in Bitmine’s treasury strategy. 1 PR Newswire# Ethereum Market Forecast and BMNR Stock Forecast
Bitmine’s latest Ethereum purchase comes as the company continues to position itself around the broader crypto market. Its shares are traded under the ticker BMNR on the NYSE.
“Bitmine is seeing signs of a crypto bull market and expects institutional investors to ramp up their crypto exposure during the remaining months of 2026,” said Chairman Tom Lee. The comments are the company’s view of the future and not a guaranty of how the market will perform.
Bitmine has added over 6 million ETH to its treasury and is working toward its 5% Ethereum supply target, while growing its staking operations.
If you want I can also look up the latest BMNR stock price and ETH price data to add a more current market-data section.
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.98 Million Tokens, and Total Crypto and Total Cash Holdings of $17.1 Billion
