Bitmine Ethereum Holdings Top 6.07 Million ETH as Treasury Reaches $14.3 Billion

Bitmine Immersion Technologies has increased its Ethereum holdings to more than 6.07 million ETH after making another purchase last week, bringing the company's total crypto, cash, and other investments to approximately $14.3 billion.

The Ethereum treasury company, chaired by Tom Lee, acquired 9,587 ETH during the week. Its total holdings reached 6,070,092 ETH, worth more than $12.9 billion at current market prices. Based on current valuations, the latest purchase is worth approximately $20.3 million.

Bitmine said its Ethereum position now accounts for around 4.97% of the cryptocurrency's circulating supply, estimated at 122.2 million ETH. This puts the company roughly 99% of the way toward its stated goal of accumulating 5% of Ethereum's total supply, a strategy it launched in June 2025.

The company also highlighted growing support for Ethereum as a store of value. It pointed to comments from Ethereum founder Vitalik Buterin at Devcon 8 in Mumbai, where he described ETH as money and a store of value.

Bitmine believes Ethereum's role as trusted collateral could become increasingly important as financial institutions move assets onto blockchain networks. The company also expects tokenization and artificial intelligence to support further growth in the Ethereum ecosystem.

Bitmine Holds More Than 5.2 Million Staked ETH

Beyond its Ethereum purchases, Bitmine reported holding 216 BTC worth approximately $16.1 million, a $75 million investment in Eightco Holdings, and a $180 million stake in Beast Industries.

The company's cash and marketable securities totaled $475 million as of November 8, bringing its combined assets to approximately $14.3 billion.

Its Ethereum staking position also remains substantial. As of November 9, Bitmine had staked 5,227,037 ETH, valued at approximately $11.1 billion. This represents more than 86% of its total Ethereum holdings.

Bitmine estimates that its current staked ETH could generate around $309 million in annualized staking rewards. If the company eventually stakes its entire Ethereum position, it expects annualized rewards to increase to approximately $359 million.

Bitmine Remains the Largest Ethereum Treasury Company

Bitmine continues to rank as the largest publicly traded company holding Ethereum. It is also the second-largest public crypto treasury company overall, behind Strategy.

Strategy recently increased its Bitcoin holdings to 850,364 BTC, valued at approximately $63.4 billion, following its latest purchase.

With its Ethereum position approaching the 5% supply target, Bitmine continues to expand its treasury through regular acquisitions while increasing the amount of ETH committed to staking.