Key Highlights

  • Bitmine Immersion Technologies (NYSE:BMNR) reported on October 5, 2026 holdings of 6,016,414 ETH, about 4.9% of the 122.1 million ETH supply, after buying 15,112 ETH in the latest week.
  • The company reported total crypto, cash, marketable securities and other holdings of USD 17.4 billion, using an ETH price of USD 2,726, plus 214 BTC and USD 643 million of cash and securities.
  • Bitmine (NYSE:BMNR) had staked 5,067,309 ETH, about 84% of holdings, at a 7-day annualized staking Yield of 2.63%, with projected annual staking Revenue of USD 363 million at current scale.
  • Chairman Tom Lee said the company is 99% of the way to its 5% goal, simple arithmetic puts the gap near 88,600 ETH, and the release did not say purchases would stop at 5%.

The Holdings Update

Bitmine (NYSE:BMNR) said in its October 5, 2026 release, with data as of October 4, that it holds 6,016,414 ETH, valued at USD 2,726 per ETH using a Coinbase price. That is about 4.9% of an ETH Supply of 122.1 million. Bitmine bought 15,112 ETH last week and says it has bought ETH every week since June 30, 2025. Other Assets include 214 BTC, a USD 180 million stake in Beast Industries and a USD 117 million stake in Eightco Holdings (NASDAQ:ORBS), alongside USD 643 million of cash and marketable securities. Total reported holdings are USD 17.4 billion. The company also said it acquired 21 million of its own shares through Buybacks in 2026.

Staking and the 5% Goal

Staking locks ETH to help secure the network and earns rewards. Bitmine has staked 5,067,309 ETH, about USD 13.8 billion at the release price, which is 84% of its holdings, through its MAVAN platform. The 7-day annualized yield is 2.63%, and the company projects USD 363 million of annual staking revenue at current scale and USD 431 million if all ETH is staked. 5% of 122.1 million ETH is about 6.105 million, so the gap is about 88,600 ETH, simple arithmetic. Earlier coverage reported that Bitmine would stop accumulating at 5%, but the October 5 release did not state that, so the plan is reported, not confirmed.

Risks and What to Watch

Treasury value moves with the ETH price. At roughly USD 2,565 per ETH, a level reached on October 7 in published market data, the same ETH holding would be worth about USD 15.4 billion, simple arithmetic, well below the figure at USD 2,726. Staking adds lock-up and protocol risks, and buybacks use cash that could fund other priorities. The next weekly update is the main data point, and a drop in ETH would also cut staking income measured in dollars. Watch the share count, any premium or discount to net asset value and Ethereum price moves. Crypto-linked stocks also fell on October 7 as Bitcoin (BTC) slid below USD 83,000. This is not Investment advice.

Where Things Stand

Bitmine (NYSE:BMNR) is 99% of the way to its 5% goal because it holds 6,016,414 ETH against about 6.105 million needed, a gap of roughly 88,600 ETH. At about 15,112 ETH a week, that is a matter of weeks, though pace and prices can change. Whether it stops buying at 5% was reported earlier but not stated in the release. The next catalyst is the weekly holdings update, and falling ETH prices are the main risk.