Bitmine Immersion Technologies Reports $15.8 B in Crypto & Cash, ETH Holdings Surge to 5.96 Million Tokens

Norwalk, Conn. — Bitmine Immersion Technologies (NASDAQ: BMNR) let the market know on September 13, 2026 that its crypto‑centric balance sheet has ballooned to roughly $15.8 billion. The bulk of that value comes from a hefty stash of Ethereum, which now totals 5,956,378 ETH –‑ roughly 4.9% of the 122 million tokens that exist today.

At a price of about $2,513 per ETH, that chunk alone is worth some $12.7 billion. Add to it 212 Bitcoin, a $180 million stake in Beast Industries, and a $98 million holding in Eightco (NASDAQ: ORBS) –‑ the latter being one of the few publicly listed equities that gives investors indirect exposure to OpenAI –‑ and you start to see why the company is flaunting the figure of $15.8 billion when cash and marketable securities are tacked on.

The cash side of the ledger isn’t trivial either. Bitmine holds $549 million in cash and marketable securities, which, while dwarfed by the crypto side, provides liquidity for future acquisitions and staking operations. Speaking of staking, the firm’s MAVAN (Made‑in‑America Validator Network) platform now secures over five million ETH for institutional clients, a clear sign that the staking business is gaining traction.

“The ETH‑to‑BTC price ratio just cracked its highest level since January 30 and broke a long‑standing trendline,” said Thomas “Tom” Lee, Bitmine’s chairman. “That tells me Ethereum is cementing its role as the settlement rail for Wall Street tokenization and, perhaps even more intriguingly, as a backbone for agentic‑AI. All this is happening while global equities are stuck in a range‑bound world of war risk and rising yields.”

Lee isn’t the only voice sounding the alarm bells for further upside. Tom DeMark, founder of DeMark Analytics and a capital‑markets advisor to Bitmine, pointed to a technical “renewal of the upside” after a sideways run in August. “The 12‑day metric expired without a downside break, which usually precedes a sharp rally,” he noted, predicting a near‑term price jump for ETH.

Performance metrics back up the optimism. Since June 30, 2026, Ethereum has outpaced the S&P 500 by a staggering 5,866 basis points, making it the best‑performing macro asset in Q3 to date. The top three performers in that period are ETH, Solana (SOL) and Bitcoin (BTC). Lee believes this outperformance will attract more institutional capital, especially as the upcoming CLARITY Act vote looms in mid‑September and Korean investors rotate from AI stocks back into crypto.

Bitmine’s shareholder list reads like a who’s‑who of the crypto‑investment world: ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, DCG, Galaxy Digital, and individual heavy‑hitters such as Bill Miller III and Tom Lee himself. The company also joined the Russell 1000 Large‑Cap index on June 26, 2026, and its Series A Preferred Stock trades under the ticker BMNP on the NYSE.

All eyes will be on the upcoming Korea Block event, where Tom Lee is slated to deliver the keynote on September 30. If his bullish outlook holds, the last stretch of 2026 could see a wave of institutional inflows that push Bitmine’s ETH share even closer to the coveted “Alchemy of 5%.”