# Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.07 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.3 Billion By Enna Lee Canonical URL: https://www.tokenpost.com/news/business/52839 Published: 2026-11-10T05:56:39.000Z Updated: 2026-11-10T05:56:39.000Z Section: Business > Bitmine's ETH holdings are 4.97% of the ETH supply (of 122.2 million ETH). Bitmine remains the largest ETH treasury in the world. Bitmine owns 4.97% of the total ETH coin supply of 122.2 million Vitalik Buterin, founder of Ethereum, states "I've finally made up my mind, ETH is a store of value, ETH is money" Bitmine released Chairman's Message on October 7 titled "Crypto Bull Underway — This Cycle Likely the Largest" Bitmine has 5,227,037 staked ETH, representing $11.7 billion at $2,234 per ETH. Bitmine Crypto + Total Cash Holdings & Marketable Securities + "Moonshots" total $14.3 billion, including 6.07 million ETH tokens, total cash & marketable securities of $475 million, and other crypto holdings (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company"), a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash & marketable securities + "moonshots" holdings totaling $14.3 billion. ![Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.07 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.3 Billion]() As of November 8, 2026 at 2:00pm ET, the Company's crypto holdings are comprised of 6,070,092 ETH at $2,234 per ETH (per Coinbase NASDAQ: COIN), 216 Bitcoin (BTC), $180 million stake in Beast Industries, $75 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $475 million. Bitmine's ETH holdings are 4.97% of the ETH supply (of 122.2 million ETH). "Vitalik Buterin, founder of Ethereum, declared at Devcon 8 in Mumbai, 'I've finally made up my mind, ETH is a store of value, ETH is money.' This declaration by the founder of Ethereum, in my view, is a seismic shift, clarifying how ETH will capture value in this coming supercycle of tokenization and AI," stated Thomas "Tom" Lee, Chairman of Bitmine. "In my opinion, ETH was not a 'cash flow' token model, like HYPE or LIT, but rather pristine and trusted collateral, and reflective of how Ethereum is the Layer 1 chosen by the vast majority of financial institutions moving assets onto the blockchain," continued Lee. Vitalik further clarified his views with a X.com post expanding on why he believes "ETH as store of value (SoV)." The 3 reasons he described: - ETH as fee-burning is not as strong "as it seemed;" - Optimizing for fee-burning is not necessarily compatible with decentralization and capture resistance; and - Optimizing for SoV aligns with ETH's strengths of decentralization and CROPS. "In other words, ETH as a Store of Value is most consistent with the future roadmap of ETH and also the role ETH will play in the coming super tokenization supercycle," added Lee. "Over the past week, we acquired 9,587 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each week since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee. ![Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.07 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.3 Billion]() On October 7, Bitmine released its latest Chairman's message titled "Crypto Bull Underway — This Cycle Likely the Largest." The presentation is available at the Bitmine website (presentation link). Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), the institutional-grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, MAVAN has expanded to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform. As of November 8, 2026, Bitmine total staked ETH stands at 5,227,037 ($11.7 billion at $2,234 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the projected ETH staking rewards would be $359 million on an annualized basis, using BMNR's trailing 7-day staking yield of 2.65% as of November 8, 2026. This compares to annualized staking rewards of $309 million based upon 5.2 million staked ETH (86% of the 6.07 million ETH held by Bitmine)," continued Lee. Bitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 849,327 BTC valued at approximately $69 billion. Bitmine remains the largest ETH treasury in the world. Bitmine management believes the GENIUS Act and the Securities and Exchange Commission's (SEC) Project Crypto are as transformational to financial services in 2026 as the U.S. action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 55 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. The Chairman's message can be found here: [https://www.Bitminetech.io/chairmans-message]() The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: [https://Bitminetech.io/investor-relations/]() ## Links in this article - [https://www.Bitminetech.io/chairmans-message](https://www.Bitminetech.io/chairmans-message) - [https://Bitminetech.io/investor-relations/](https://Bitminetech.io/investor-relations/)