BitMine reported 5,983,940 ETH in its treasury, just short of 6 million tokens.
\nThe company valued its combined treasury holdings at $17.1 billion.
\nThe disclosure also listed 212 BTC, $714 million in cash and securities, and stakes in Beast Industries and Eightco.<\/p>\n
BitMine Immersion Technologies has pushed its Ethereum treasury to within touching distance of 6 million ETH.<\/p>\n
A September 21 filing shows the company holds 5,983,940 ETH, alongside 212 BTC and a wider portfolio of cash, securities and strategic investments. BitMine put the combined value of those holdings at $17.1 billion.<\/p>\n
The exact ETH figure matters here. BitMine has not yet crossed 6 million ETH; it reported 5,983,940 tokens.<\/p>\n
According to the company\u2019s disclosure, that position represents roughly 4.9% of the circulating ETH supply figure it used in the filing.<\/p>\n
The company also reported $714 million in cash and marketable securities, a $180 million stake in Beast Industries and a $105 million stake in Eightco.<\/p>\n
Taken together, the numbers show that BitMine\u2019s balance sheet is broader than ETH alone, even though Ethereum<\/a> remains the dominant part of the story.<\/p>\n Public-company crypto treasuries were once overwhelmingly associated with Bitcoin<\/a>. BitMine\u2019s strategy shows how quickly that model has expanded into Ethereum.<\/p>\n Holding almost 6 million ETH gives the company exposure not only to the token\u2019s price but also to the wider economics around staking<\/a>, network activity and institutional demand for Ethereum-based assets.<\/p>\n It also makes changes in the company\u2019s treasury unusually important for the ETH market simply because of the size involved.<\/p>\n For now, the filing supports a precise conclusion: BitMine holds 5,983,940 ETH and values its combined disclosed treasury assets at $17.1 billion.<\/p>\n Anything beyond that \u2014 including assumptions about future purchases or when the company will cross 6 million ETH \u2014 remains outside the filing.<\/p>\n This article was written by the News Desk and edited by Samuel Rae<\/a>.<\/em><\/p>\nEthereum Treasury Companies Are Becoming Their Own Market Category<\/h2>\n