BitMine Immersion reports ethereum holdings of 3.63 million tokens

BitMine Immersion Technologies (NYSE American: BMNR) announced its cryptocurrency holdings total $11.2 billion, including 3.63 million Ethereum tokens valued at approximately $10.3 billion based on $2,840 per token.

The company reported acquiring 69,822 ETH tokens in the past week, bringing its total to 3,629,701 tokens as of November 23 at 7:30 p.m. ET. BitMine's holdings also include 192 Bitcoin, a $38 million stake in Eightco Holdings (NASDAQ: ORBS), and $800 million in unencumbered cash.

According to the press release, BitMine now owns approximately 3% of the total ETH token supply. Chairman Thomas Lee of Fundstrat stated the company plans to deploy its Made in America Validator Network staking infrastructure in early 2026.

BitMine trades an average of $1.6 billion in daily dollar volume based on five-day averages as of November 21, ranking as the 50th most traded stock in the U.S. according to Fundstrat data. The company will hold its annual shareholders meeting at the Wynn Las Vegas on January 15, 2026.

The company describes itself as having the largest ETH treasury globally and the second-largest cryptocurrency treasury behind MicroStrategy, which holds 649,870 Bitcoin valued at $57 billion. BitMine operates Bitcoin mining facilities in Trinidad, Pecos, Texas, and Silverton, Texas.

Institutional investors supporting the company include ARK's Cathie Wood, Founders Fund, and others, according to the announcement.

You May Also Be Interested In

• Apple suing OpenAI over alleged misappropriation of trade secrets
• Z Squared amends Skycore acquisition letter of intent, drops exclusivity
• Ideal Power (IPWR) files $75M mixed shelf