Bitmine reports 6.03M ETH and $16.2B in total holdings

what happened

TradingView, citing an original Bitmine Immersion Technologies press release distributed by Chainwire, reported that the company held 6.03M ETH, equal to 4.9% of supply, as of Oct. 11, 2026. The holdings included 5.07M staked ETH. Bitmine’s combined crypto, cash, marketable securities and “moonshots” totaled $16.2B.

Cash and marketable securities accounted for $612M. The company also held 214 BTC and other positions. In June, Bitmine issued BMNP preferred shares carrying a 9.5% rate, creating dividend obligations that rank ahead of payments to common shareholders.

TradingView said the update reinforces Bitmine’s ETH-focused treasury strategy and its shift toward staking. The company remains heavily exposed to crypto assets, while staking carries its own operational risks.

why it matters

For markets, the disclosure highlights BMNR’s sensitivity to ETH movements and the scale of its crypto-heavy asset base. Potentially important variables include ETH prices, monetization or hedging plans, staking yields and regulation; the report does not describe changes in these areas.

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