Key Points
- The company acquired 17,362 ETH in the past week, bringing total reserves beyond the 6 million token threshold.
- Current ethereum holdings are valued at approximately $16.1 billion, contributing to a total portfolio worth $17.2 billion.
- The firm’s ETH position represents nearly 5% of Ethereum’s circulating supply, achieving 98% of its strategic target.
- Over 5 million ETH is currently staked, producing an annual yield of 2.62%.
- Shares of BMNR declined approximately 3% while ether prices hovered around $2,679.
Shares of Bitmine Immersion Technologies (BMNR) slipped roughly 3% on Monday following the company’s announcement of its most recent ethereum acquisition. The firm revealed it purchased 17,362 ETH during the previous seven days.
Bitmine Immersion Technologies, Inc., BMNR
This latest acquisition elevated the company’s total reserves past the 6 million ETH mark for the first time in its history. The current treasury stands at precisely 6,001,302 ETH.
Based on prevailing market rates, this ethereum position carries a valuation of approximately $16.1 billion. The company did not reveal the average purchase price for this week’s acquisition.
Chairman Tom Lee described the achievement as a significant victory for the organization. He emphasized that the entire position was accumulated in fewer than 15 months.
The company’s ethereum reserves now represent approximately 5% of Ethereum’s circulating token supply. According to internal metrics, Bitmine has achieved 98% of this strategic objective.
Ethereum’s total circulating supply currently stands at approximately 122.1 million tokens. Reaching a complete 5% stake would necessitate holdings of roughly 6.1 million ETH.
Using these calculations, the firm requires approximately 104,000 additional ETH to achieve its target. Bitmine has maintained a consistent weekly ethereum purchasing schedule since initiating this strategy in mid-2025.
Staking Program Grows
Currently, over 5 million ETH from the treasury is deployed in staking operations. This represents approximately 84% of the company’s total ethereum holdings.
These staked assets are yielding an annualized return of 2.62%. Lee indicated that projected annual staking income currently stands near $358 million.
Should the entire treasury be staked via Bitmine’s MAVAN network, anticipated annual rewards could reach $424 million. The MAVAN platform was introduced earlier in 2026 to facilitate the company’s staking operations.
Total Assets Increase
The firm’s aggregate holdings of cryptocurrency, cash reserves, and other assets now reach $17.2 billion. This marks an increase from the previous week’s valuation of $17.1 billion.
Additional assets include 213 BTC valued at approximately $17.8 million. The company also maintains a $180 million position in Beast Industries and holds $115 million in Eightco Holdings equity.
Liquid assets and marketable securities registered at $672 million. This represents a modest decline from the prior week’s figure of $714 million.
The company maintains its position as the world’s 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 around $2,679 at recent observation. This represents a decline of approximately 1% over the preceding 24 hours and roughly 2% over the weekly period.
Lee is scheduled to present at Korea Blockchain Week in Seoul on September 30. His keynote address is planned for 11:20 a.m. in the local timezone.
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