BitMine increased its holdings by 27,562 ETH last week, bringing the total holdings to approximately 5.984 million
According to PR Newswire, BitMine increased its holdings by 27,562 Ethereum last week. As of September 20, 2026, its total Ethereum holdings reached 5,983,940, accounting for approximately 4.9% of the total Ethereum supply.Currently, the total value of the cryptocurrencies, cash, and other investment assets held by BitMine is approximately $17.1 billion, which includes $714 million in cash and securities, 212 Bitcoin, $180 million in equity assets from Beast Industries, and a $105 million investment in Eightco Holdings (ORBS). Additionally, the amount of Ethereum it has staked remains at 5,067,309 (85% of total holdings), valued at approximately $13.6 billion, with a current annualized staking yield of about $357 million.Furthermore, BitMine Chairman Tom Lee stated in the company's weekly report that the crypto bull market began in late June 2026, driven by factors including the rotation of funds from AI stocks to crypto assets, the continued strengthening of crypto fundamentals centered around tokenization and AI, and the four-year cycle hitting bottom. So far in the third quarter, ETH has outperformed the S&P 500 by over 6,519 basis points, making it the best macro asset globally.Lee believes that ETH's significant outperformance in the third quarter is a prelude to a stronger upward trend in the fourth quarter; due to institutions being underweight in crypto assets influenced by the performance of AI stocks in the first half of 2026, a significant increase in allocation is expected in the fourth quarter, which may bring additional upside to the gains since June 30. Additionally, Lee will deliver a keynote speech at the Korea Blockchain Week (KBW) on September 30.