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Bitmine nears 5% ETH supply ownership with $17.1B holdings, ETH outperforms S&P 500 by 65x in Q3 2026

Market News
21 Sep 2026
PRNewsWire
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Bullish
Bitmine nears 5% ETH supply ownership with $17.1B holdings, ETH outperforms S&P 500 by 65x in Q3 2026

Bitmine Immersion Technologies is close to owning 5% of the total Ethereum supply, holding 5.98 million ETH valued at $17.1 billion including crypto, cash, and investments. Ethereum has outperformed the S&P 500 by 6,519 basis points in Q3 2026, signaling strong crypto market momentum. Bitmine continues weekly ETH acquisitions and operates MAVAN, an institutional staking platform, with over 5 million ETH staked generating significant annualized rewards. The company expects institutional crypto exposure to rise in Q4 2026, potentially boosting ETH prices further.

Bitmine Immersion Technologies' reported holdings include 5.98 million Ethereum tokens. For readers following the broader market, 119 of 150 US stocks tradable on Pluang rose today. Notable price changes include AMD at USD 575.20 with a 2.75% increase, Barclays PLC at USD 25.55 up 2.73%, and Nokia Corp at USD 10.98 up 2.71%, as of Sep 21, 2026 18:21 WIB.

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