Bitmine ETH Holdings Hit 5.98M Tokens, Total Crypto & Cash Reach $17.1B
BMNR has more than doubled off its 52-week low of $12.8.
Summary
Bitmine's latest weekly update shows ETH holdings grew to 5.98 million tokens (4.9% of supply) with total crypto and cash reaching $17.1 billion, while staking revenue is now projected at $357 million annually.
Key Events · Earnings and Guidance · BMNR
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ETH Holdings Reach 5.98M Tokens
Bitmine now holds 5,983,940 ETH (4.9% of the 122.1M total supply), up from 5.81M in the prior update, after acquiring 27,562 ETH this week.
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Total Holdings Hit $17.1B
Crypto + cash + marketable securities + moonshots total $17.1B, including $714M in cash and marketable securities, $180M stake in Beast Industries, and $105M in Eightco (ORBS).
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Staking Revenue Projected at $357M
5,067,309 ETH ($13.6B) is staked — 85% of total holdings — generating a 2.62% 7-day annualized yield, with projected annualized staking revenue of $357M ($421M at full scale).
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98% to 'Alchemy of 5%' Goal
Bitmine is 98% of the way to owning 5% of total ETH supply, achieved in just 15 months since the ETH Treasury Strategy launched June 30, 2025.
Analysis · BMNR · Crypto Assets
Bitmine's weekly operational update shows continued aggressive ETH accumulation, with holdings rising to 5.98 million tokens (4.9% of total supply) and total crypto, cash, and marketable securities reaching $17.1 billion. The company is now 98% of the way to its stated 'Alchemy of 5%' goal of owning 5% of all ETH. Staking operations have scaled significantly, with 5.07 million ETH staked (85% of holdings) generating projected annualized revenue of $357 million. This matters because Bitmine's entire investment thesis rests on its ETH treasury strategy — the company reported a $9.1 billion net loss last quarter driven by unrealized ETH price declines, so the size and performance of this position directly determines shareholder value. The update also highlights the company's growing staking infrastructure (MAVAN) as a revenue diversification play beyond pure price appreciation.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.5% of the 1629 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.59%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BMNR was trading at $27.46 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $15.7B. The 52-week trading range was $12.80 to $65.60. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.