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KioskNews
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Monday, October 12, 2026
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Seeking Alpha·United States·

Bitmine Immersion's $16.2B crypto treasury: 6M ETH and bull-run bet

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Sara Sethiya

Concept - Cryptocurrency on banknotes

Vladimir Vladimirov

  • Bitmine Immersion (BMNR) said on Monday its crypto holdings, cash and marketable securities, and other investments totaled $16.2B as of October 11.
  • The company held 6.03M Ethereum (ETH-USD), valued at $15.3B at $2.54K per token, representing 4.9% of ETH’s total supply.
  • It also held 214 Bitcoin (BTC-USD) and $612M in cash and marketable securities.
  • The company's other investments included a $180M stake in Beast Industries and an $85M stake in Eightco Holdings (ORBS).
  • It also acquired 12.53K ETH over the past week and had 5.07M ETH staked, valued at about $12.9B.
  • Chairman Thomas Lee said the company expects tokenization, wealth transfers, digital asset treasury accumulation, and AI-related demand to support the next crypto bull market.
  • On the market side, the BMNR stock traded ~1.12% higher to $24.30 in the pre-market session.
  • Source: Press Release

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