Bitmine Immersion Technologies (NYSE: BMNR) reported holdings of 6,070,092 ETH, after adding 9,587 ETH over the preceding week, according to a November 9, 2026 BlockBeats report citing PR Newswire. The asset snapshot was measured at 2 p.m. Eastern Time on November 8, 2026.
The valuation distinction is between the reported value of those holdings and the staking income they could generate: the former used an ETH price of $2,234, while the latter depended on a recent annualized staking yield.
Reported asset holdings
Alongside its ETH position, Bitmine reported:
- 216 BTC;
- Approximately $180 million in Beast Industries equity;
- $75 million in Eightco (NASDAQ: ORBS) equity;
- $475 million in cash and securities.
The company put the combined value of its crypto assets, cash and securities, and “moonshot” investments at approximately $14.3 billion.
Bitmine said its ETH holdings represented approximately 4.97% of the current 122.2 million ETH supply, bringing it about 99% of the way toward its stated goal of holding 5% of ETH supply.
Staking income: an annualized estimate, not realized revenue
Bitmine reported 5,227,037 ETH staked, valued at approximately $11.7 billion using the same $2,234 ETH price.
Chairman Tom Lee said that applying the preceding seven days’ annualized staking yield of 2.65% implied approximately $309 million in annualized staking income at the existing staked balance. If all of the company’s ETH holdings were staked, that estimate would rise to approximately $359 million.
Those figures are yield-based estimates rather than reported realized annual income. The stated ETH price, the amount staked and the assumed staking yield are the key inputs; the asset total and income estimates alone do not establish a fair value for BMNR shares.
Original report published November 9, 2026, at 21:33:11 UTC+8: BlockBeats, citing PR Newswire.