Bitmine adds 9,926 ETH, raising holdings to 4.8% of supply

Bitmine Immersion Technologies, a leading corporate holder of cryptocurrency, announced on Monday, August 17, 2026, that it has purchased an additional 9,926 Ethereum (ETH) over the past week, bringing its total holdings to 5,815,164 ETH. The company now controls approximately 4.8% of Ethereum's total circulating supply and is nearing its stated goal of owning 5%. The holdings are valued at roughly $11 billion, cementing Bitmine's position as the world's largest corporate holder of ether.

The company's total crypto and related holdings amount to $11.4 billion. This includes 210 Bitcoin (BTC), a $180 million stake in Beast Industries, a $73 million stake in Eightco Holdings, and $78 million in cash and marketable securities. Of its total ETH, over 5 million tokens, valued at $9.6 billion, are staked through its MAVAN platform and other partners. The company projects annualized staking revenue of $250 million from these assets.

In a statement, Bitmine Chairman Thomas "Tom" Lee pointed to the rising ETH-to-BTC ratio as a key indicator of growing market confidence in Ethereum's future. He stated the ratio's move above a long-term downtrend signals that investors are beginning to...