Originally published by Foresight News on November 9, 2026, at 21:31:14 UTC+8. Holdings figures are as of November 8, 2026.
BitMine added 9,587 ETH in the preceding week, bringing its Ethereum holdings to 6,070,092 ETH, approximately 4.97% of total ETH supply, according to Foresight News.
Asset holdings and staking income
BitMine’s cryptocurrency, cash and other investment assets had a reported total value of approximately $14.3 billion. Alongside its ETH holdings, the reported assets included:
- $475 million in cash and securities;
- 216 BTC;
- $180 million in Beast Industries equity;
- A $75 million investment in Eightco Holdings (ORBS).
Of its ETH holdings, 5,227,037 ETH were staked—approximately 86% of the total—with a reported value of about $11.7 billion. Current annualized staking income was approximately $309 million.
The annualized income figure describes the reported staking-income run rate, not a guaranteed future return. It is also distinct from the value of BitMine’s assets; the source does not provide a company valuation model or a fair-value estimate.
ETH’s value-capture argument
Tom Lee said Ethereum founder Vitalik Buterin had described ETH at Devcon 8 as a store of value and money. Lee characterized this as a major shift that clarified how ETH would capture value in a tokenization and AI supercycle.
That is Lee’s interpretation of ETH’s investment thesis, separate from the reported holdings and staking figures. The report does not quantify how tokenization or AI activity would translate into additional ETH value.