BitMine reports $13.2 billion in crypto and cash holdings

BitMine Immersion Technologies (NYSE American: BMNR) announced its cryptocurrency and cash holdings total $13.2 billion, according to a company statement.

As of December 7 at 4:00 p.m. ET, the company holds 3,864,951 Ethereum (ETH) tokens valued at $3,139 per token, 193 Bitcoin, a $36 million stake in Eightco Holdings (NASDAQ: ORBS), and $1.0 billion in cash.

The company acquired 138,452 ETH tokens in the past week, representing a 156% increase compared to the weekly pace of 54,156 tokens four weeks prior. BitMine states it now owns more than 3.2% of the ETH token supply.

"Our stepped up buying activity reflects our confidence that ETH prices should strengthen in the months ahead given multiple catalysts," said Thomas Lee, Chairman of BitMine.

BitMine reports average daily trading volume of $1.8 billion over the past five days as of December 7, ranking it as the 37th most traded stock in the United States among 5,704 US-listed stocks.

The company will hold its annual shareholders meeting at the Wynn Las Vegas on January 15, 2026.

BitMine describes itself as a Bitcoin and Ethereum network company focused on cryptocurrency accumulation for long-term investment. Its operations are located in Trinidad, Pecos, Texas, and Silverton, Texas.

You May Also Be Interested In

• Nebius releases AI Cloud 3.6 with new agent and security tools
• Hertz Global cuts Q2 EBITDA outlook on used car market weakness
• Deep Fission reports 18.5 GW in non-binding nuclear pipeline