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NewsMacro · $ETH

Bitmine Immersion Technologies holds 5.77 million ETH, equal to 4.8% of total Ethereum supply

The filing put $ETH in focus: Bitmine Immersion Technologies (BMNR) disclosed Ethereum holdings of 5.77 million tokens, a stake equal to 4.8% of the coin's total outstanding supply of 120.7 million. The company's combined crypto and cash position reaches $11.3 billion.

By Grant HalloranMacro DeskJuly 17, 20262 min read$ETH
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Key takeaways

  • Bitmine Immersion Technologies (BMNR) disclosed holdings of 5.77 million ETH, equal to 4.8% of Ethereum's total outstanding supply of 120.7 million tokens.
  • The company's combined crypto and cash position totals $11.3 billion.
  • Bitmine did not break out the non-ETH portion of the $11.3 billion, so the mix of Ethereum, other crypto, and cash is not disclosed.
  • BMNR offers institutional capital that cannot own the token directly an exchange-listed equity path to Ethereum exposure.
  • The disclosure included no operating guidance and no accumulation timeline, listing only the 5.77 million token count and the $11.3 billion total.

The filing put $ETH in focus: Bitmine Immersion Technologies (BMNR) disclosed Ethereum holdings of 5.77 million tokens, a stake equal to 4.8% of the coin's total outstanding supply of 120.7 million. The company's combined crypto and cash position reaches $11.3 billion.

The holdings in context

5.77 million tokens against a 120.7 million total supply puts BMNR among the largest disclosed holders of $ETH by percentage of outstanding coins. Tokens on a corporate balance sheet are not circulating on the open market, and the 4.8% figure represents that share of total supply sitting off the tape.

The $11.3 billion aggregate covers Ethereum alongside other crypto assets and cash. Bitmine did not break out the non-ETH slice in this disclosure. The ETH position and the remainder carry different price sensitivities within the same headline number, and the source provides no breakdown of the mix.

Setup read

BMNR is among the more direct public-equity paths into Ethereum for capital that cannot own the token directly. Holding 4.8% of total supply through a listed vehicle is a distinct proposition from on-chain custody. For institutional mandates that restrict digital asset ownership, the exchange-listed structure is the relevant access route.

The balance sheet is tied to $ETH mechanically. Any move in the token's price runs through the $11.3 billion in marked holdings. No operating guidance accompanied the treasury announcement, and no accumulation timeline appears in the disclosure. The holdings total and the 5.77 million token count are the only numbers in the print.

What to watch

Any revision to the 5.77 million token count resets the ownership percentage against a supply that itself changes over time. The next filing that updates the headline token count is the specific data point to track.

About this story

Filed by the macro desk of MarketPR on July 17, 2026. Source: prnewswire.com. Indicative figures are not investment advice.

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Frequently asked

How much Ethereum does Bitmine Immersion Technologies hold?

Bitmine holds 5.77 million ETH, which equals 4.8% of Ethereum's total outstanding supply of 120.7 million tokens.

What is the total value of Bitmine's crypto and cash position?

Its combined crypto and cash position reaches $11.3 billion, though the non-ETH portion was not broken out in the disclosure.

Why is BMNR significant for institutional investors?

It provides a direct public-equity path into Ethereum for capital that cannot own the token directly, which is relevant for institutional mandates that restrict digital asset ownership.

What should investors watch going forward?

The next filing that updates the 5.77 million token count is the key data point, since any revision resets the ownership percentage against a supply that also changes over time.