Bitmine Adds 15,112 ETH, Holdings Top 6.01M as Treasury Hits $17.4B
BMNR has more than doubled off its 52-week low of $12.8 on light trading volume (0.4× avg).
Summary
Bitmine bought another 15,112 ETH over the past week, lifting total holdings to 6,016,414 tokens (4.9% of supply). Total digital-asset, cash, marketable securities and strategic investments now stand at $17.4 billion, with ETH valued at about $16.4 billion at $2,726 per token. The company has staked 84% of its ETH (5,067,309 tokens), generating an annualized yield of 2.63% — roughly $363 million in annual staking income. Chairman Tom Lee highlighted the stock's outperformance versus Ether in 2026 and the repurchase of 21 million shares this year. This follows the September 21 report of 6,001,302 ETH; the new purchase and updated treasury figures are incremental but material for a company whose value is almost entirely tied to its ETH position. Lee is scheduled to speak at Token2049 on October 7, and the October chairman's message is due this week.
At the time of this announcement, BMNR was trading at $26.44 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $15.9B. The 52-week trading range was $12.80 to $65.60. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Bloomingbit.