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Bitmine Immersion Technologies reaches 4.9% Ethereum supply ownership
Bitmine Immersion Technologies has expanded its Ethereum treasury to 5.9 million ETH, representing approximately 4.9% of the total circulating supply. The company’s latest acquisition of 53,501 ETH marks its 65th consecutive week of buying, continuing a strategy launched in June 2025.
As of late August 2026, Bitmine’s total assets—including crypto holdings, cash, marketable securities, and various 'moonshot' investments—are valued at approximately $15.6 billion. The company holds 211 Bitcoin and significant stakes in companies such as Eightco Holdings and Beast Industries.
To maximize its holdings, Bitmine has staked over 5 million ETH through its MAVAN platform, aiming to generate an estimated $335 million in annual passive income. Chairman Tom Lee noted that Ethereum has significantly outperformed the S&P 500 in the third quarter of 2026, a trend he believes will drive further institutional interest.
Entities
Beast Industries · Bitmine Immersion Technologies · Bitmine Immersion Technologies, Inc. · BlackRock · Eightco Holdings · Ethereum · Ethereum · MAVAN · Made in America Validator Network · NYSE · Thomas Lee · Thomas Tom Lee
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] Chairman Thomas Tom Lee stated that Ethereum has outperformed the S&P 500 by 5,430 basis points in the third quarter of 2026. cryptonewsland.com · blockchainmagazine.net · www.btc-echo.de · www.sondakika.com
- [● 2 SOURCES] The company has engaged in continuous weekly Ethereum purchases for 65 consecutive weeks since June 2025. www.btc-echo.de · www.sondakika.com
- [● 4 SOURCES] The company has staked 5,067,309 ETH, representing approximately 86% of its total Ethereum holdings. cryptonewsland.com · blockchainmagazine.net · www.btc-echo.de · www.sondakika.com
- [● 2 SOURCES] Bitmine holds $541 million in total cash and marketable securities. cryptonewsland.com · blockchainmagazine.net
- [● 3 SOURCES] Bitmine holds 211 Bitcoin (BTC). cryptonewsland.com · blockchainmagazine.net · www.btc-echo.de
- [● 3 SOURCES] The company's assets include a $180 million stake in Beast Industries and an $81 million stake in Eightco Holdings. cryptonewsland.com · blockchainmagazine.net · www.btc-echo.de
- [● 4 SOURCES] Bitmine holds 5,901,112 ETH, which represents 4.9% of the total Ethereum supply of 120.7 million. cryptonewsland.com · blockchainmagazine.net · www.btc-echo.de · www.sondakika.com
- [DISPUTED] Bitmine announced total holdings of $15.6 billion, including crypto, cash, marketable securities, and moonshots. cryptonewsland.com · blockchainmagazine.net · www.btc-echo.de · www.sondakika.com