Bitmine's ETH Treasury Hits $16.4B as Holdings Top 6M Tokens
BMNR has more than doubled off its 52-week low of $12.8.
Summary
Bitmine added 15,112 ETH over the past week, bringing its total to 6,016,414 tokens worth about $16.4 billion at $2,726 per ETH. The company now holds 4.9% of Ethereum's supply, with 84% of its ETH staked and generating an annualized $363 million in staking revenue. Total crypto, cash, and other holdings reached $17.4 billion as of Oct. 4, up from $11.5 billion in July. Chairman Tom Lee highlighted ETH's 6,832 basis point outperformance versus the S&P 500 in Q3, reinforcing the company's aggressive accumulation strategy. This follows a series of weekly updates showing consistent ETH purchases, with the treasury growing from 5.7 million tokens in July to over 6 million now. The scale of the treasury relative to the company's $15.8 billion market cap makes this a material development for BMNR shareholders. BitMine Immersion began weekly Ether buys on June 30, 2025, and has reached 99% of its goal to hold 5% of all ETH.
Updated with a Wiseek News report · What changed
Updates
· Wiseek News — BitMine Immersion began weekly Ether buys on June 30, 2025, and has reached 99% of its goal to hold 5% of all ETH.
At the time of this announcement, BMNR was trading at $26.76 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $15.8B. 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.