Bitmine Expands Ethereum Position to $10.7B, Despite Share Price Decline

Bitmine Immersion Technologies (BMNR) has made a significant disclosure regarding its cryptocurrency and cash reserves, totaling $10.7 billion as of March 29, 2026.

The company's Ethereum holdings are substantial, with approximately 3.92% of the total circulating supply, valued at $2,005 per token. This concentration level is rarely seen among publicly traded entities.

BMNR's portfolio extends beyond Ethereum, including Bitcoin, equity positions in Beast Industries and Eightco Holdings, and liquid cash reserves.