Bitmine Immersion Technologies' ETH Holdings Near 5% of Total Supply

Bitmine Immersion Technologies, Inc. has announced a significant milestone in its cryptocurrency holdings. As of October 18, 2026, the company's crypto holdings include 6.04 million ETH, equivalent to $14.3 billion, and 215 Bitcoin. The total value of its crypto and cash holdings, including "moonshot" investments, stands at $15.1 billion.

Bitmine's ETH holdings represent nearly 4.9% of the total ETH supply, bringing the company close to its goal of acquiring 5% of the total supply, a strategy known as the "Alchemy of 5%." This achievement places Bitmine as the largest ETH treasury globally, with a substantial portion staked through its MAVAN platform.

The company anticipates a promising future as it positions itself to benefit from a potential upcoming crypto bull market. Bitmine's consistent acquisition of ETH and its expansion of staking services underscore its commitment to strengthening its competitive edge in the volatile crypto market.