Bitmine ETH Holdings Hit 6.03M Tokens; Total Crypto & Cash Reach $16.2B
BMNR sits 85% above its 52-week low of $12.8.
Summary
Bitmine's ETH holdings reached 6.03 million tokens (4.9% of supply) with total crypto and cash at $16.2 billion. Staked ETH now generates a projected $336 million annualized revenue.
Key Events · Earnings and Guidance · BMNR
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ETH Holdings Reach 6.03M Tokens
Bitmine holds 6,028,946 ETH as of October 11, 2026, representing 4.9% of the 122.1 million total ETH supply. This is up 27,644 ETH from the prior week's 6,001,302 tokens.
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Total Crypto & Cash at $16.2B
Total crypto, cash, marketable securities, and moonshot investments reached $16.2 billion, including $612 million in cash and marketable securities, $180 million in Beast Industries, and $85 million in Eightco Holdings.
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Staking Revenue Projected at $336M
5,067,309 ETH (84% of holdings) is staked, generating a projected $336 million annualized staking revenue at current levels. At full scale via MAVAN, projected annualized rewards would reach $400 million.
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BMNP Preferred Stock Up 24%
The 9.5% Series A Perpetual Preferred Stock (BMNP) last closed at $99.53, up 24% from its $80 issuance price in June 2026, outperforming Treasuries (TLT down 8%) over the same period.
Analysis · BMNR · Crypto Assets
Bitmine's weekly operational update shows continued ETH accumulation — 6,028,946 tokens as of October 11, 2026, up 27,644 ETH from the prior week's 6,001,302. Total crypto, cash, and marketable securities reached $16.2 billion, with $612 million in cash and marketable securities providing liquidity. The company disclosed 5,067,309 staked ETH (84% of holdings) generating a projected $336 million annualized staking revenue at current levels, scaling to $400 million if fully staked. This matters because Bitmine's entire investment thesis rests on its ETH treasury strategy — each weekly update quantifies progress toward the 5% supply target (now at 4.9%) and the staking yield that funds operations. The BMNP preferred stock's 24% gain since issuance also validates the company's ETH-credit benchmark strategy.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.7% of the 1698 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BMNR was trading at $23.64 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $14.4B. The 52-week trading range was $12.80 to $60.94. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.