Bitmine Crosses 6M ETH, Staking Revenue Projected at $358M
BMNR has more than doubled off its 52-week low of $12.8 on light trading volume (0.1× avg).
Summary
Bitmine's Ethereum treasury has crossed 6 million ETH, reaching 6,001,302 tokens worth about $16.1 billion after buying another 17,362 ETH this week. Total crypto, cash, and investments now stand at $17.2 billion. The company is 98% of the way to its 'Alchemy of 5%' supply target, holding over 4.9% of circulating ETH. Staked ETH totals 5.07 million tokens, with projected annualized staking revenue of $358 million and a 7-day yield of 2.62%. This follows the Sept 21 update showing 5.98 million ETH; the new figures confirm continued aggressive accumulation and staking expansion. The company remains the largest Ethereum treasury holder and second-largest public crypto treasury overall behind Strategy.
Updates
· SEC 8-K — Bitmine's ETH holdings reached 6,016,414 tokens and total crypto, cash, and marketable securities reached $17.4 billion as of October 4, 2026.
At the time of this announcement, BMNR was trading at $27.62 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $16.7B. 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: The Block.