Bitmine Reports $9.6 Billion in Cryptocurrency Holdings

Bitmine Immersion Technologies has revealed its significant cryptocurrency and cash holdings as of June 7, 2026. The company's portfolio includes 5,543,872 Ethereum tokens valued at $1,630 each, making up 4.59% of the total ETH supply.

The company's aggressive accumulation of ETH has been driven by the belief that the current pullback in prices does not reflect the strengthening of Ethereum fundamentals. In a statement, Thomas 'Tom' Lee, Chairman of Bitmine, noted that the company increased its buying as it expects a recovery in ETH prices.

Bitmine's staking operations have generated an annualized yield of 2.99% on an annualized basis, with projected annualized staking revenues of $230 million. The company's institutional investors include prominent names such as ARK's Cathie Wood and Pantera.