Bitmine Immersion Technologies Reports 6.03 Million ETH Tokens and $16.2 Billion in Crypto, Cash and Marketable Securities

On October 11, 2026, Bitmine Immersion Technologies (ticker BMNR) revealed that its cryptocurrency portfolio has swelled to a little over $16 billion when cash, marketable securities and a handful of strategic “moonshot” investments are added in.

The centerpiece of that portfolio is 6,028,946 ETH, worth roughly $12.9 billion at the current $2,544 per token price. That amount translates to about 4.9 % of the entire Ethereum supply – a figure the company says puts it within striking distance of its long‑term “alchemy” goal of owning 5 %.

Beyond Ethereum, Bitmine also reports holding 214 BTC, a $180 million stake in Beast Industries, and an $85 million position in Eightco Holdings (NASDAQ: ORBS), one of the few publicly listed equities that give investors indirect exposure to OpenAI.

Cash and marketable securities sit at $612 million, while the company’s preferred stock, BMNP – a 9.5 % perpetual preferred issued in June at $80 per share and now trading near $99.53 – has delivered a 24 % gain, outpacing U.S. Treasury bonds that fell 8 % in the same period.

Chairman Thomas “Tom” Lee highlighted that the bulk of the ETH accumulation happened during the recent crypto winter, positioning Bitmine to “ride the biggest bull cycle we’ve ever seen.” He pointed out that while ETH slipped 10 % in the first nine months of 2026, BMNR fell only 3 %, an outperformance of 731 basis points, and that the stock beat the S&P 500 by over 6,800 basis points in Q3‑26 despite a hawkish Fed and rising oil prices.

Bitmine’s shareholder base includes heavyweight institutional names such as ARK Invest, Founders Fund, Pantera Capital, Kraken, DCG, Galaxy Digital and the famed investor Tom Lee himself, all backing the firm’s quest to secure a sizeable slice of Ethereum’s future.