Bitmine holds 4.9% of ETH supply in $15.6 billion portfolio

  • Bitmine reported $15.6 billion in crypto, cash, securities and moonshot holdings.
  • 5,901,112 ETH represented 4.9% of the 120.7 million ETH supply.
  • Bitmine bought 53,501 ETH in the previous week and has bought ETH for 65 weeks.

Bitmine Immersion Technologies said its cryptocurrency, cash, marketable securities and moonshot holdings totaled $15.6 billion as of Aug. 30, 2026. The portfolio included 5,901,112 ETH valued at $2,511 each, 211 BTC, a $180 million stake in Beast Industries, an $81 million position in Eightco Holdings (NASDAQ: ORBS), and $541 million in cash and marketable securities. Its ETH holdings represented 4.9% of the 120.7 million ETH total supply, putting the company 98% of the way toward its stated 5% target, known as the Alchemy of 5% initiative. Bitmine said it bought 53,501 ETH during the previous week and had purchased ETH in each of the 65 weeks since launching its ETH treasury strategy on June 30, 2025. The company reported 5,067,309 ETH staked, representing $12.7 billion at the stated ETH price and about 86% of its 5.90 million ETH holdings. Its MAVAN platform, an institutional staking and validation infrastructure, is intended to serve Bitmine, institutional investors, custodians and ecosystem partners. Chairman Thomas "Tom" Lee said ETH had outperformed the S&P 500 by 5,430 basis points through the previous Friday in the third quarter of 2026, while identifying the expected mid-September CLARITY Act vote, renewed Korean crypto buying and tokenization as potential catalysts. Those statements, along with projections for staking income, ETH/BTC performance and regulatory effects, are forward-looking and subject to risks including digital-asset volatility, regulatory changes, technology failures and shifts in market conditions.

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