Key Highlights

  • Bitmine reported 6,051,933 ether, 215 Bitcoin and $514 million of cash and marketable securities in its 26 October 2026 update.
  • Its ether equals 4.95% of the 122.2 million ether supply, against a stated goal of owning 5%.
  • The company reported 5,227,037 ether staked, roughly 86% of its holdings, via the MAVAN platform.

The latest holdings update

Bitmine Immersion Technologies, Inc. (NYSE:BMNR), listed on the New York Stock Exchange, issued its weekly treasury update on 26 October 2026, with holdings stated as at 2:00pm Eastern Time on 25 October. The company reported 6,051,933 ether, 215 bitcoin and $514 million of cash and marketable securities.

It also listed a $180 million stake in Beast Industries and a $76 million stake in Eightco Holdings, which it describes as "moonshots". Together with the crypto holdings, valued with ether at $2,356 per Coinbase, the company put total holdings at $15 billion.

The company said it acquired 10,452 ether during the week. Those numbers are company-reported and are valued at one reference price, so the headline total will move with the ether price.

Progress towards the Supply target

Bitmine states that its ether equals 4.95% of the 122.2 million ether supply, which it describes as 99% of the way to a stated goal of owning 5% of the total. Reaching that target would require a modest further accumulation relative to what it already holds. The release does not give a date for reaching the target, and timing will depend on the pace of weekly ether purchases.

Staking and share repurchases

Staking is a significant part of the model. Bitmine reports 5,227,037 ether staked, worth about $12.3 billion at the reference price and roughly 86% of its ether. It stakes through the MAVAN platform.

On the company's figures, annualised staking Revenue from the currently staked ether is $318 million, rising to a projected $368 million if all holdings were staked, based on a seven-day Bitmine Yield of 2.58%.

The company also reported buying back 2.04 million of its own shares during the past week. Year to date it has repurchased 22.9 million shares, totalling $399.6 million.

Context for investors

A treasury company's value is tied closely to the asset it holds, so the shares tend to reflect both the ether price and how the market values the structure around it. The release gives no figure for net asset value per share.

Buybacks funded alongside ether purchases are a notable feature. They indicate management is allocating Capital to both its asset and its own equity, though the effect on per-share ether exposure depends on prices paid and any issuance, which the release does not detail.

What to watch

The first item is the weekly update itself: whether Bitmine crosses the 5% supply threshold and what it says about its goals afterwards. The second is the staked proportion and the reported yield, which together drive the revenue it projects.

Third is the cash balance of $514 million, which funds both Buybacks and potential purchases. Fourth is the performance of the non-crypto stakes, which are small relative to the total but are valued by the company as part of its $15 billion figure.

Finally, the company's formal financial reports will give audited detail on accounting for digital assets, expenses and share count.