Key Highlights
- The company acquired 17,362 ETH in the previous week, elevating its total reserves beyond the 6 million token threshold.
- Its ethereum holdings are currently valued at approximately $16.1 billion, contributing to an overall portfolio worth $17.2 billion.
- The firm’s ETH position represents nearly 5% of Ethereum’s available supply, marking 98% progress toward its declared objective.
- Over 5 million ETH tokens are actively staked, yielding an annual return of 2.62%.
- Shares of BMNR declined roughly 3% while ether was trading around $2,679.
Shares of Bitmine Immersion Technologies (BMNR) experienced a decline of approximately 3% on Monday following the company’s announcement of its most recent ethereum acquisition. The firm revealed it purchased 17,362 ETH during the preceding seven days.
Bitmine Immersion Technologies, Inc., BMNR
This acquisition elevated the company’s aggregate holdings beyond the 6 million ETH benchmark for the first time. The reserves currently stand at 6,001,302 ETH.
Using present market valuations, this holding represents approximately $16.1 billion in value. The company did not reveal the average acquisition price for this most recent purchase.
Chairman Tom Lee characterized the achievement as a significant victory for the organization. He emphasized that this position was accumulated in fewer than 15 months.
The company’s ethereum holdings now represent nearly 5% of Ethereum’s available supply. Bitmine indicates it has achieved 98% of its stated objective.
The total supply of Ethereum currently stands at approximately 122.1 million tokens. Reaching a complete 5% ownership would necessitate nearly 6.1 million ETH.
According to these calculations, Bitmine requires approximately 104,000 additional ETH to achieve its target. The company has consistently purchased ether weekly since initiating this strategy in mid-2025.
Staking Activities Continue Growth
Currently, more than 5 million ETH from the treasury is deployed in staking operations. This amount represents approximately 84% of the company’s total holdings.
The staked tokens are producing an annualized yield of 2.62%. Lee indicated that present annualized staking income is estimated at roughly $358 million.
Should the entire treasury be staked via Bitmine’s MAVAN network, potential annual rewards could reach $424 million. MAVAN was introduced earlier in 2026 to facilitate the company’s staking operations.
Total Portfolio Valuation Increases
Bitmine’s aggregate holdings of cryptocurrency, cash, and additional investments now amount to $17.2 billion. This represents an increase from $17.1 billion reported seven days prior.
The portfolio additionally encompasses 213 BTC valued at approximately $17.8 million. The company also maintains a $180 million position in Beast Industries and a $115 million investment in Eightco Holdings.
Cash reserves and marketable securities registered at $672 million. This marks a modest decrease from $714 million recorded the previous week.
Bitmine continues to maintain its position as the largest corporate ethereum holder by a substantial margin. Joe Lubin’s Sharplink and The Ether Machine rank behind, with holdings of 888,938 ETH and 496,712 ETH respectively.
Ethereum was trading near $2,679 at the most recent check. This reflects a decline of approximately 1% over the preceding 24 hours and roughly 2% during the past week.
Lee is scheduled to deliver remarks at Korea Blockchain Week in Seoul on Sept. 30. His keynote presentation is planned for 11:20 a.m. local time.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
