Bitmine Immersion Technologies, Inc. (NYSE: BMNR) announced that its combined crypto, cash, marketable securities and related holdings reached $15.8 billion as of September 13, 2026. The total includes approximately 5.96 million ETH tokens, smaller positions in Bitcoin and other assets, plus $549 million in cash and marketable securities.

At a price of $2,513 per ETH, the Ethereum position alone accounts for the bulk of the value. Bitmine's ETH holdings represent 4.9% of the total supply of 122.0 million tokens, placing the company 98% of the way toward its stated target of owning 5% of the network. Over the most recent week the firm acquired an additional 27,180 ETH, continuing a pattern of weekly purchases that has been unbroken since the Ethereum treasury strategy began on June 30, 2025.

Breakdown of Holdings and Staking Activity

In addition to the 5,956,378 ETH, the portfolio contains 212 Bitcoin, a $180 million stake in Beast Industries and a $98 million position in Eightco Holdings (NASDAQ: ORBS). The Eightco holding is described by the company as one of the few publicly listed equities offering indirect exposure to OpenAI.

Bitmine has staked 5,067,309 ETH, valued at $12.7 billion at the same $2,513 price. That staked amount equals roughly 85% of its total Ethereum holdings. The company projects annualized staking revenue of $334 million based on current operations and notes that full staking of its ETH position through its MAVAN platform and partners could generate approximately $392 million per year at a 2.62% seven-day yield. MAVAN, launched earlier in 2026 as an institutional-grade validator network, was initially built for Bitmine's own treasury and has since been opened to other institutional users, custodians and ecosystem partners.

Market Commentary from Company Leadership

Thomas Lee, Chairman of Bitmine, pointed to the recent rise in the ETH/BTC price ratio, which reached its highest level since January 30 and broke a multi-year trendline. He attributed the move to Ethereum's growing role as settlement infrastructure for tokenized assets and its potential importance in agentic artificial-intelligence systems. Lee also noted that Ethereum has been the strongest-performing major macro asset in the third quarter of 2026 to date, outperforming the S&P 500 by 5,866 basis points through the prior Friday. Bitcoin and Solana ranked second and third over the same period.

Lee listed several near-term catalysts, including an expected mid-September vote on the CLARITY Act, renewed buying by Korean investors shifting out of artificial-intelligence equities, the approach of the traditional four-year crypto cycle low, and broader institutional interest driven by tokenization and agentic-AI applications. He is scheduled to deliver a keynote address at Korea Blockchain Week on September 30 in Seoul.

Capital-markets adviser Tom DeMark of DeMark Analytics stated that technical indicators support a renewed upward move in Ethereum. After sideways trading in August without a downside break, DeMark said the 12-day metric had expired, pointing to a continuation of the prior uptrend. He described a sharp one-day rally late in August as a possible preview of further gains in the coming weeks.

Corporate Milestones and Trading Activity

Bitmine was added to the Russell 1000 large-cap index on June 26, 2026. Its Series A Preferred Stock trades on the New York Stock Exchange under the ticker BMNP. Average daily dollar trading volume in the common shares has recently ranked among the top 100 U.S.-listed stocks, according to data cited by the company.

The firm continues to receive backing from a group of institutional investors that includes ARK Investment Management, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, Digital Currency Group, Galaxy Digital and Lee himself in a personal capacity. Management has described recent U.S. legislative and regulatory initiatives, including the GENIUS Act and the SEC's Project Crypto, as potentially transformative for financial-market infrastructure.

Bitmine operates as a blockchain infrastructure company focused on institutional staking and validation services, Bitcoin mining and strategic digital-asset management. Its activities also include early-stage investments labeled "moonshots" as well as ancillary mining, hosting and consulting services.