TLDR
- Bitmine bought 17,362 ETH last week, pushing total holdings past 6 million tokens for the first time.
- The ether treasury is now worth roughly $16.1 billion, part of a combined $17.2 billion portfolio.
- Bitmine’s ETH stake equals close to 5% of Ethereum’s circulating supply, putting it 98% toward its stated goal.
- More than 5 million ETH is staked, generating a 2.62% annualized yield.
- BMNR stock fell about 3% as ether traded near $2,679.
Bitmine Immersion Technologies stock (BMNR) dropped about 3% Monday as the company disclosed its latest ether purchase. Bitmine said it bought 17,362 ETH over the past week.
Bitmine Immersion Technologies, Inc., BMNR
The new buy pushed total holdings above 6 million ETH for the first time. The treasury now sits at 6,001,302 ETH.
At current prices, that position is worth about $16.1 billion. Bitmine did not disclose the average price it paid for the latest batch.
Chairman Tom Lee called the milestone a huge win for the company. He pointed out the position was built in under 15 months.
Bitmine’s ether stake now equals close to 5% of Ethereum’s circulating supply. The company says it is 98% of the way to that target.
BitMine Buys 17,362 ETH, Total Holdings Top 6 Million ETH
BitMine said it acquired 17,362 ETH over the past week, bringing total holdings to 6,001,302 ETH as of September 27. The position represents about 4.9% of Ethereum’s 122.1 million ETH supply, putting the company 98% of… pic.twitter.com/Pt2Io5aK8g
— Wu Blockchain (@WuBlockchain) September 28, 2026
Ethereum’s total supply sits near 122.1 million tokens. Hitting a full 5% share would require close to 6.1 million ETH.
Based on those numbers, Bitmine needs roughly 104,000 more ETH to close the gap. The firm has bought ether every single week since launching the strategy in mid-2025.
Staking Operations Expand
More than 5 million ETH in the treasury is staked right now. That figure equals about 84% of total holdings.
The staked portion is generating a 2.62% annualized yield. Lee said current annualized staking revenue is projected near $358 million.
If the full treasury were staked through Bitmine’s MAVAN network, projected rewards could reach $424 million a year. MAVAN launched earlier in 2026 to support the firm’s staking business.
Portfolio Value Climbs
Bitmine’s combined crypto, cash and other investments now total $17.2 billion. That is up from $17.1 billion a week earlier.
The portfolio also includes 213 BTC worth about $17.8 million. Bitmine also holds a $180 million stake in Beast Industries and a $115 million stake in Eightco Holdings.
Cash and marketable securities came in at $672 million. That is down slightly from $714 million the prior week.
Bitmine remains the largest corporate holder of ether by a wide margin. Joe Lubin’s Sharplink and The Ether Machine follow, holding 888,938 ETH and 496,712 ETH respectively.
Ethereum itself traded near $2,679 at last check. That is down about 1% over 24 hours and roughly 2% over the past week.
Lee is set to speak at Korea Blockchain Week in Seoul on Sept. 30. His keynote is scheduled for 11:20 a.m. local time.
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