Bitmine's Ethereum Holdings Surpass 6 Million ETH, Staking Revenue Forecasted at $358M
Bitmine Immersion Technologies now holds 4.9% of Ethereum's total supply, with significant crypto and cash reserves.
Bitmine Immersion Technologies now holds 4.9% of Ethereum's total supply, with significant crypto and cash reserves. Ethereum (ETH) is trading at $2,266.34, down 0.9% since this brief published. This is an original TLT brief synthesising 2 outlets (The Cryptonomist, Crypto Daily), with their figures cross-checked, plus live market data, as of Mon, 02 Nov 2026 16:15:02 UTC.
Bitmine's substantial Ethereum holdings and staking revenue projections highlight the growing influence of institutional players in the crypto market, particularly in staking and asset management.
- Bitmine holds 6.06M ETH, representing 4.9% of Ethereum's total supply.
- The company reported $14.5B in total assets across crypto, cash, and securities.
- Staking revenue is projected at $358M, indicating strong returns on ETH holdings.
- Ethereum price at $2285.92, up 0.66% in 24 hours.
The Cryptonomist and Crypto Daily both report that Bitmine Immersion Technologies holds 6.06 million ETH, which is 4.9% of Ethereum's total supply, and has $14.5 billion in total assets. However, only The Cryptonomist mentions the specific addition of 8,573 ETH in the preceding week, while Crypto Daily emphasizes the company's staking revenue projection of $358 million.
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- Bitmine Reports Over 6 Million ETH in Treasury Holdings
- Tron CEO Sells 80-90% of ETH Holdings, Citing Ethereum's 'Fragile Double Top'
- Ethereum Tests Key Price Levels Amid Low Volume and Staking Growth
- Bitmine's Ethereum Holdings Surpass 6 Million ETH, Staking Revenue Forecasted at $358M — this brief
Bitmine Immersion Technologies (BMNR) has significantly increased its 
Ethereum holdings, reaching 6,060,506 ETH as of November 1, 2026, according to reports from The Cryptonomist and Crypto Daily. This positions the company as a major holder of Ethereum, accounting for 4.9% of the total supply.
In its November 2 update, Bitmine reported total assets of $14.5 billion, encompassing digital assets, cash, marketable securities, and investment stakes. The company also added 8,573 ETH to its holdings in the week leading up to the update, as noted by The Cryptonomist.
The company's staking revenue is projected at $358 million, underscoring the potential profitability of its Ethereum holdings. This figure highlights the growing importance of staking as a revenue stream for institutional investors in the crypto space.
The broader market context shows a relatively flat crypto market with a total market cap of $2.68 trillion. 
Bitcoin is down 0.32% in the last 24 hours, while Ethereum has seen a modest increase of 0.66%, trading at $2285.92. The Fear & Greed Index stands at 37, indicating a 'Fear' sentiment.
Bitmine's substantial Ethereum holdings and the projected staking revenue reflect the company's strategic focus on Ethereum and its confidence in the asset's long-term potential. The development is likely to be watched closely by other institutional investors and could influence broader market dynamics.
Since this brief published about 2 hours ago, Ethereum (ETH) has moved from $2,285.92 to $2,266.34 — -0.86%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will the price of Ethereum be above $2,400 on November 3?
Crowd-implied probability on Polymarket, $186.65K 24h volume, resolves Nov 3 — snapshotted when this brief published (Nov 2 15:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 ETH ≈ ₦3.14M (about $2,266.34), up 0.0% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Bitmine's Ethereum Holdings Surpass 6 Million ETH, Staki — questions & answers
How much Ethereum does Bitmine hold?
Bitmine holds 6.06 million ETH, which is 4.9% of Ethereum's total supply.
What is Bitmine's total asset value?
Bitmine's total assets are valued at $14.5 billion, including crypto, cash, and securities.
What is Bitmine's projected staking revenue?
Bitmine's staking revenue is projected at $358 million.
How much is 1 Ethereum worth in naira today?
About ₦3.14M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,266.34. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.86% since this brief first published — trading at $2,266.34 now versus $2,285.92 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Cryptonomist, Crypto Daily, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.