Bitmine Immersion Technologies, Inc. reported 6,070,092 Ether (ETH) in its latest treasury snapshot, equal to 4.97% of its stated supply measure and close to its 5% accumulation goal.
In a Monday, Nov. 9, announcement attached to a Form 8-K filing with the U.S. Securities and Exchange Commission, Bitmine dated the holdings snapshot to Sunday, Nov. 8, at 2 p.m. ET. The company said it acquired 9,587 ETH during the week.
Bitmine uses a total supply figure of 122.2 million ETH for its 5% target. It reported 6,060,506 ETH in its Sunday, Nov. 1, snapshot, so the stated balance increased by 9,586 ETH by Nov. 8, one fewer than the reported weekly acquisition. The company’s two announcements did not explain the difference.
The latest snapshot valued Bitmine’s combined digital assets, cash, marketable securities and other investments at $14.3 billion, compared with $14.5 billion a week earlier. The ETH reference price in the company’s snapshots was $2,234 on Nov. 8 and $2,261 on Nov. 1. Bitmine also listed 216 Bitcoin (BTC), $475 million in cash and marketable securities, a $180 million stake in Beast Industries and a $75 million stake in Eightco Holdings.
The company reported 5,227,037 ETH staked as of Nov. 8, unchanged from Nov. 1. Its trailing seven-day staking yield was 2.65%, versus 3.03% in the earlier snapshot. Using the newer figure, Bitmine projected $309 million in annualized rewards on its current stake; a week earlier, it projected $358 million. Its estimate for a scenario in which all its ETH is staked was $359 million.
The reward figures are estimates, not income already earned. Bitmine says its ETH treasury strategy began June 30, 2025, and it has described staking as part of that strategy. The estimate fell as the trailing yield and ETH reference price declined. Staking commits ETH to Ethereum’s proof-of-stake process; validators can earn rewards for valid participation.
