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2 hours ago
Bullish

BitMine holds 5.98M ETH, values total holdings at $17.1B in filing

1 min

BitMine Immersion Technologies disclosed a treasury of 5,983,940 ETH, just below 6 million, alongside 212 BTC, $714 million in cash and marketable securities, and equity stakes in Beast Industries and Eightco. The company valued its combined disclosed treasury assets at $17.1 billion.

Key figures

  • ETH holdings: 5,983,940 tokens, representing about 4.9% of the circulating ETH supply used in the filing.
  • BTC holdings: 212 BTC.
  • Cash and securities: $714 million.
  • Equity stakes: $180 million in Beast Industries and $105 million in Eightco.
  • Total disclosed treasury value: $17.1 billion.

Context

BitMine’s ETH position remains the dominant component of its balance sheet, while the presence of cash, securities, and strategic equity investments indicates diversification. The scale of the ETH holdings creates potential market impact from treasury changes. The filing limits conclusions to current holdings and valuations, without guidance on future purchases or the timing of crossing 6 million ETH.

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Source: Primary Source