Bitmine holdings reported a large, diversified balance sheet that market participants say will shape institutional demand for crypto assets. The disclosure details token holdings, cash reserves and a strategic equity stake.
BitMine lists a total portfolio value of $14.2 billion, anchored by digital-asset positions and liquid cash. The disclosure shows 3,313,069 ETH valued at $4,164 per ETH as of Oct 26 7:00pm ET, alongside 192 BTC and $305 million in unencumbered cash.
The company also reported a $88 million stake in Eightco Holdings (ORBS), signalling a mix of token and strategic equity exposure. Investors should account for valuation timing and market volatility when assessing these snapshots.
BitMine’s ETH balance represents roughly 2.8% of ETH supply under the company’s reporting assumptions, with an accumulation target of 5%. That scale places the firm among the largest corporate ETH treasuries and shifts comparative crypto treasury rankings when measured by token holdings.
Note: holdings and percentage metrics reflect the company snapshot and may change as market flows or further disclosures emerge.
The mix — concentrated ETH exposure, Bitcoin holdings, equity in ORBS and ample cash — suggests BitMine can support both long-term token accumulation and near-term liquidity needs. Daily market activity around the firm’s trading footprint is material: the company reported a $1.5 billion daily volume (5-day avg), ranking #46 US as of Oct 24, 2025 (Statista data).
Institutional allocators will note that the $305 million of unencumbered cash provides optionality to manage slippage while executing large purchases or to meet margin needs. From a treasury-execution perspective, phased buying and high execution liquidity are common requirements when managing multi-percentage exposures of a token’s supply.
Thomas “Tom” Lee of Fundstrat, chairman of BitMine, said: “We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’.” (Chairman’s message)
In brief, BitMine’s disclosure underscores a sizeable, ETH-heavy treasury with meaningful cash buffers and strategic equity stakes, positioning it as a notable participant in corporate crypto accumulation.


