Key facts
- BitMine Immersion Technologies acquired 53,501 ETH, bringing its total holdings to 5,901,112 ETH.
- The company has consistently purchased ETH weekly since June 30, 2025.
- Approximately 86% of BitMine's ETH holdings are staked, generating projected annual revenue of $335 million.
- BitMine's total treasury value, including crypto, cash, and securities, stands at $15.6 billion.
- Ethereum has outperformed the S&P 500 by 5,430 basis points this quarter.
BitMine Immersion Technologies has expanded its Ethereum holdings by acquiring an additional 53,501 ETH, bringing its total to 5,901,112 tokens as of August 30, 2026. This purchase continues a consistent buying strategy that began in June 2025, with the company acquiring ETH every week since then.
The current value of BitMine's ETH position is approximately $14.8 billion, representing about 4.9% of Ethereum's total supply. A significant portion of these holdings, 5,067,309 ETH, is staked, generating an estimated annualized revenue of $335 million.
BitMine also holds 211 Bitcoin and other investments, with its total treasury valued at $15.6 billion. The company operates MAVAN, an institutional staking platform. Chairman Tom Lee noted that Ethereum has outperformed other macro assets this quarter and argues this sets the stage for institutions to add crypto exposure.