Bitmine Immersion Technologies reports a $14.3 billion treasury, including 6.07 million ETH, as the company continues its weekly accumulation strategy and expands its institutional staking operations via MAVAN.
Bitmine reports total crypto, cash and securities of $14.3 billion as of 8 November 2026, including 6,070,092 ETH at $2,234 and 5,227,037 ETH staked worth $11.7 billion, with 9,587 ETH bought last week. Continued weekly accumulation and growing staking income support the equity, but this is a routine treasury update and the $14.3 billion NAV moves with the ETH price, which the company does not control.
Ethereum founder Vitalik Buterin publicly endorsed ETH as a store of value at Devcon 8 in Mumbai, and Bitmine keeps buying weekly (9,587 ETH last week, 6.07 million held, 86% staked). Institutional demand from a large treasury buyer supports the price, though Buterin also conceded fee-burning is weaker than it seemed, and the buying is small relative to total supply.
Bitmine Immersion Technologies announced its total treasury value reached $14.3 billion as of 8 November 2026, driven by an accumulation of 6,070,092 ETH. The company, which holds 4.97% of the total Ethereum supply, continues its weekly acquisition strategy and generates $309 million in annualized staking revenue through its MAVAN platform.
As of 8 November 2026, 6,070,092 ETH, equal to 4.97% of the total ETH supply, plus 216 Bitcoin, $475 million in cash and securities, a $180 million stake in Beast Industries and a $75 million stake in Eightco, for a total of $14.3 billion.
Yes. 5,227,037 ETH are staked, generating annualized staking revenue of $309 million; when all ETH are staked via MAVAN, estimated rewards would be $359 million per year, corresponding to a 7-day BMNR yield of 2.65%.
Ethereum founder Vitalik Buterin said at Devcon 8 in Mumbai that ETH is a store of value and money, and Bitmine announced its ETH treasury has reached 6.07 million tokens, 4.97% of total supply, valued at $2,234 per ETH.