Bitmine announces $9.6 billion in crypto and cash holdings with 5.54m ETH

Bitmine Immersion Technologies Inc. (NYSE: BMNR) reported total holdings of $9.6 billion comprising cryptocurrency, cash and other investments as of June 7, 2026, according to a company statement.

The company's holdings include 5.54 million Ethereum (ETH) tokens valued at $1,630 per token, 204 Bitcoin, $247 million in cash, $180 million stake in Beast Industries, and $88 million stake in Eightco Holdings (NASDAQ: ORBS). Bitmine's ETH holdings represent 4.59% of the total ETH supply of 120.7 million tokens.

The company has 4.72 million ETH staked, valued at $7.7 billion at current prices. Bitmine acquired 126,971 ETH over the past week, according to the announcement.

"Over the past week, we acquired 126,971 ETH. We increased our buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals," stated Thomas Lee, Chairman of Bitmine.

Bitmine operates MAVAN (Made in America Validator Network), a staking platform launched in 2026 that generated a 7-day yield of 2.99% annualized. The company projects annualized staking revenues of $230 million based on current operations.

The stock trades with an average daily dollar volume of $829 million over five days as of June 5, 2026, ranking 148th among US-listed stocks according to company data citing Fundstrat research.

Bitmine describes itself as a Bitcoin miner with operations in the US that deploys excess capital toward Ethereum treasury operations. The company aims to reach 5% ownership of total ETH supply, which it refers to as the "alchemy of 5%."

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