Bitmine Reaches Ethereum Holdings Milestone with $11.8 Billion in Crypto Assets

Bitmine Immersion Technologies has announced its Ethereum holdings reach 4.875 million tokens, representing 4% of the total ETH supply. The company's crypto + total cash + 'moonshots' holdings total $11.8 billion.

The company's recent uplisting to the New York Stock Exchange from NYSE American on April 9, 2026 has contributed to its increased trading volume. Bitmine is now one of the most widely traded stocks in the US, with an average daily dollar volume of $747 million.

Bitmine's Chairman Thomas 'Tom' Lee believes that Ethereum is a wartime store of value and has been outperforming other assets since the start of the conflict. He also stated that Bitmine has maintained its increased pace of ETH buys in each of the past four weeks, indicating that the company remains committed to acquiring 5% of ETH.