Bitmine Immersion Technologies (NYSE: BMNR) said on October 12, 2026 that it holds 6,028,946 ETH, 4.9% of the 122.1 million ETH supply. The count is as of October 11.
Key Facts
- Bitmine says its crypto, cash and “moonshots” holdings add up to $16.2 billion, using the ETH price given in the release.
- Bitmine says it bought 12,532 ETH over the past week. It adds that it has bought ETH every week since its treasury strategy began.
- Bitmine’s total staked ETH stands at 5,067,309, worth $12.9 billion. It stakes through MAVAN and its staking partners.
- Bitmine says it is 99% of the way to the “Alchemy of 5%,” its goal of acquiring 5% of ETH.
Bitmine’s Exhibit 99.1 press release lists the rest of the total. It names 214 Bitcoin (BTC), a $180 million stake in Beast Industries, an $85 million stake in Eightco Holdings (NASDAQ: ORBS) and $612 million of cash and marketable securities. The release prices ETH at $2,544 per ETH, citing Coinbase.
At that price, ETH makes up roughly 95% of the total. For where ETH changes hands.
🧵 1/ BitMine provided its latest holdings update for October 12, 2026 $16.2 billion in total crypto + "moonshots": – 6,028,946 ETH at $2,544 per ETH (per @coinbase) – 214 Bitcoin (BTC) – $180 million stake in Beast Industries @MrBeast – $85 million stake in Eightco Holdings (NASDAQ:$ORBS) (“moonshots”) and – total cash and marketable securities of $612 million. Ticker: $BMNR common equity $BMNP 9.5% perpetual preferred, dividends paid weekly Chairman: Tom Lee @fundstrat Link ⛓️ https://t.co/cmLRBQSMhz
— Bitmine (NYSE-BMNR) $ETH $BMNP (@BitMNR) October 12, 2026
The 5% target sits about 76,000 ETH away
Five percent of the supply the release cites works out to 6,105,000 ETH. That leaves Bitmine 76,054 ETH short of its goal. The release’s “99% of the way” is a rounded version of 98.75% by that same arithmetic.
Chairman Thomas “Tom” Lee framed the pace as a streak. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025, he stated. At last week’s buying pace, the gap would take about 6.1 weeks to close. That estimate assumes unchanged weekly purchases and an unchanged supply.
Staking covers 84% of the ETH
Bitmine says its 5.1 million currently staked ETH equal 84% of the 6.03 million ETH it holds. That leaves 961,637 ETH outside staking, based on the exact counts above. Lee’s projection compares what staking pays now with what it would pay once the rest joins.
Lee stated that the projected ETH staking reward would be $400 million on an annualized basis, using a 2.61% 7-day BMNR yield. That case applies when Bitmine’s ETH is fully staked by MAVAN and its staking partners. He set it against annualized staking revenues of $336 million on the ETH staked now.
The inputs reconcile. At the release’s price, the 2.61% yield on the staked ETH comes to about $336 million. The same yield on every ETH held comes to about $400 million.
The difference between the two projections is $64 million a year. Each one-dollar move in ETH shifts the value of the holding by about $6.03 million. Every dollar figure rests on one price snapshot, and the projection rests on a seven-day yield, so both move with price.
