Bitmine Immersion Technologies Files 6,016,414 ETH Treasury Position

Bitmine Immersion Technologies holds 6,016,414 ETH as of the October 4 close, equal to 4.9 percent of the 122.1 million ETH supply according to the company’s own figures. That places the firm 99 percent of the way to its Alchemy of 5 percent target.

Holdings Snapshot

The October 5 Form 8-K exhibit lists the full treasury at $17.4 billion when crypto is combined with $643 million in cash and marketable securities, an $180 million stake in Beast Industries and a $117 million stake in Eightco. The same exhibit records 214 BTC inside the crypto portion. These numbers reflect a single timestamp and remain subject to the limits of any point-in-time disclosure.

Weekly Accumulation

Over the past seven days Bitmine added 15,112 ETH. The company states it has purchased ETH every week since it began its treasury strategy on June 30, 2025. The consistent cadence has driven the position from zero to the current level in roughly fifteen months.

Staking Revenue Projections

Of the 6,016,414 ETH held, 5,067,309 ETH sit staked, or roughly 84 percent. The exhibit projects annualized staking revenue near $363 million at current participation. At full scale the same exhibit projects $431 million using a 2.63 percent seven-day BMNR yield. Those figures are forward-looking projections supplied by the company, not audited results.

Platform Build-Out

Earlier in 2026 Bitmine launched the Made in America Validator Network to custody its own treasury and to serve institutional staking partners. The network expands the firm’s on-chain footprint beyond simple holding.

Treasury Ranking

Bitmine Immersion Technologies ranks first among ETH treasuries because the exhibit positions it as the single largest holder of the asset. Strategy Inc. sits second on the global crypto-treasury list under the same company statement, separated by the scale of its Bitcoin position rather than any ETH overlap.

Market Context

The filing arrives while majors continue to set direction for altcoin flows. ETH itself has seen repeated tests of key moving averages in recent sessions, with spot desks tracking whether sustained accumulation by large holders can translate into clearer upward candles. Bitmine’s weekly buys add steady bid without requiring immediate market impact statements.

Filing Limits

Exhibit figures freeze at one moment in time. Staking revenue targets depend on network yields that can shift. The release does not constitute a full quarterly report and carries no independent audit opinion on the projections.

Community participants on the timeline noted the clean presentation of both the absolute ETH count and the supply percentage in a single document. The update keeps Bitmine’s treasury narrative visible as majors chop between support and resistance levels.