BitMine Immersion Technologies Reports $14.9 Billion in Crypto and Cash Holdings

By Hao Liu • Monday, August 24 13:01 • Permanent Link

BitMine Immersion Technologies said its crypto and cash holdings reached $14.9 billion as of Aug. 23, up from the prior period as the company continued adding to its Ethereum position.

The company reported 5,847,611 ETH, valued at $2,440 per token, along with 210 bitcoin, a $180 million stake in Beast Industries, an $89 million stake in Eightco Holdings, and $308 million in cash and marketable securities. BitMine said its ETH holdings now represent 4.8% of the total ETH supply of 120.7 million tokens.

BitMine’s ETH stash increased by 32,447 tokens over the past week. The company said it has been buying ETH every week since launching its ETH treasury strategy on June 30, 2025, about 14 months ago.

Of the company’s ETH holdings, 5,067,309 tokens are staked, equal to $12.4 billion at the cited ETH price. BitMine said that amount represents 87% of its total ETH holdings. The company said its own staking operations generated a 7-day annualized yield of 2.67%, and projected annualized staking revenue of $330 million. At full scale, with all of its ETH staked through Mavan and staking partners, BitMine projected annualized staking rewards of $381 million.

BitMine said it is 97% of the way to its goal of owning 5% of the ETH supply. The company also said it owns 4.8% today, up from a lower figure previously implied by its earlier accumulation pace, and that it has reached that level in 14 months.

The company said ETH rose 30% over the past week, its biggest weekly gain since May 2025 and July 2021. BitMine cited those earlier periods as precedents for larger subsequent moves, saying ETH later gained 170% after May 2025 and 167% after July 2021.

BitMine said it was added to the Russell 1000 on June 26, 2026. Today the company's shares have moved 4.82% to a price of $23.93. For more information, read the company's full 8-K submission here.

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