Bitmine Expands Ethereum Holdings to 6.06 Million Tokens Valued in $14.5 Billion Treasury

Bitmine Immersion Technologies announced its Ethereum holdings reached 6,060,506 tokens as of November 1, 2026, representing about 4.9% of Ethereum's circulating supply. Total crypto, cash, and marketable securities reached $14.5 billion following the acquisition of 8,573 ETH over the trailing week. The company has staked 5,227,037 ETH—roughly 86% of its stash, valued at approximately $11.8 billion at $2,261 per ETH—generating an estimated $358 million in annualized revenue. Chairman Thomas Lee cited market resilience following a $6.3 billion Binance exploit, where ETH fell about 4%, as evidence of an ongoing bull market.