Bitmine Immersion Technologies reports $14.5 billion in crypto, cash and marketable securities holdings
Bitmine Immersion Technologies disclosed that as of November 1 2026 it held 6,060,506 ETH (about 4.9% of the total supply) and 216 BTC, together with $498 million in cash and marketable securities, bringing total crypto‑related assets to $14.5 billion. The company also owns an $82 million stake in Eightco (NASDAQ: ORBS) and was added to the Russell 1000 Large‑Cap index on June 26 2026. Chairman Tom Lee commented on the recent Binance hack, saying the muted market reaction shows growing resilience in the crypto industry.
Why it matters
The disclosed crypto exposure gives investors a clearer view of Bitmine’s balance‑sheet risk and growth potential, which may affect valuation and index‑fund allocations after its Russell 1000 inclusion. The chairman’s remarks highlight industry sentiment after a major security breach, which could influence market perception of crypto‑related stocks.
Key facts
- 1Total crypto, cash and marketable securities holdings equal $14.5 billion as of November 1 2026. prnewswire.com
- 2The company holds 6,060,506 ETH, representing 4.9% of the 122.2 million ETH supply. prnewswire.com
- 3Bitmine also holds 216 BTC. prnewswire.com
- 4Cash and marketable securities total $498 million. prnewswire.com
- 5Staked ETH amounts to 5,227,037, valued at $11.8 billion at $2,261 per ETH. prnewswire.com
- 6Bitmine owns an $82 million stake in Eightco (NASDAQ: ORBS). prnewswire.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.