Bitmine's ETH Treasury Hits 5.9M Tokens, Worth $14.8B, as Staking Revenue Projected at $335M
BMNR sits 86% above its 52-week low of $12.8 on light trading volume (0.2× avg).
Summary
Bitmine added 53,501 ETH over the past week, bringing its total ether holdings to 5,901,112 tokens — about 4.9% of Ethereum's supply and worth roughly $14.8 billion at current prices. The company now projects $335 million in annualized staking revenue from its staked ETH, which represents 86% of its balance. Chairman Tom Lee highlighted ether's outperformance versus the S&P 500 by 5,430 basis points in Q3, framing it as a macro asset. This follows a series of weekly 8-K updates showing steady accumulation; today's announcement adds specific staking revenue guidance and a new total asset figure of $15.6 billion. The stock recovered slightly Monday after Friday's 7% drop, suggesting the market is digesting the continued treasury growth. Bitmine is accelerating Ethereum purchases to close out August.
At the time of this announcement, BMNR was trading at $23.78 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $14.3B. 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.