MV Capital | BitMine Holds Nearly 5% of Ethereum With $16.2 Billion Treasury

BitMine Immersion Technologies disclosed $16.2 billion in total holdings as of October 11, 2026, including 6,028,946 Ether that positioned the company at 4.9 percent of Ethereum’s total supply

Corporate Treasury Snapshot

BitMine Immersion Technologies reported a total treasury value of $16.2 billion as of October 11, 2026. The figure encompasses crypto assets, cash, marketable securities, and strategic investments. The company’s holdings center on Ether, with the balance also including Bitcoin and cash reserves.

Key components of the treasury include 214 Bitcoin, $612 million in cash and marketable securities, a $180 million stake in Beast Industries, and an $85 million stake in Eightco Holdings. The primary asset remains Ether, which continues to drive the majority of the reported value.

Ether Accumulation Strategy

BitMine held 6,028,946 Ether as of October 11, representing 4.9 percent of Ethereum’s total supply of 122.1 million Ether. The position brings the company within approximately 99 percent of its stated goal of holding 5 percent of the total supply.

Over the past week ending October 11, the company added 12,532 Ether. Chairman Thomas “Tom” Lee stated, “Over the past week, we acquired 15,112 ETH.” Lee added that the company had purchased Ether “each and every week” since launching its ETH Treasury Strategy on June 30, 2025.

BitMine has essentially completed its ETH buying phase and indicated that the pace of future purchases may slow as it approaches the target.

Staking and Projected Returns

Of the 6,028,946 Ether held, 5,067,309 Ether—or 84 percent—remains staked. The company projects $363 million in annualized staking revenue and an annualized seven-day yield of 2.63 percent from those operations. Staking involves locking assets to support network security in exchange for rewards, which temporarily reduces available supply but generates income.

Broader Holdings Valuation

BitMine also reported 214 Bitcoin as part of its portfolio. The company valued its full treasury, including all crypto assets, cash, marketable securities, and strategic investments, at $16.2 billion on October 11, 2026.

Asset	Quantity	Value (USD)
Ether	6,028,946	15,335,000,000 (approx.)
Bitcoin	214	~14,000,000 (approx.)
Cash and marketable securities	-	612,000,000
Strategic investments	-	265,000,000
Total	-	16,200,000,000

Strategic Context

The announcement underscores BitMine’s Ethereum-focused treasury model. The company has maintained weekly Ether purchases since June 2025, gradually building a substantial corporate position in the asset. Analysts and market observers note the scale of the holdings as one of the largest corporate Ethereum exposures reported to date.

BitMine’s disclosures highlight the intersection of traditional corporate finance and cryptocurrency strategies, with Ether serving as the anchor asset for both capital appreciation and income generation through staking.