Key Highlights
- The company acquired an additional 17,362 ETH in the previous week, bringing its total reserves beyond the 6 million token threshold.
- Current ether 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 available supply, achieving 98% of its strategic objective.
- Over 5 million ETH tokens are currently staked, yielding an annual return of 2.62%.
- Shares of BMNR declined approximately 3% while ether prices hovered around $2,679.
Shares of Bitmine Immersion Technologies (BMNR) experienced a roughly 3% decline on Monday following the company’s announcement of its most recent ethereum acquisition. According to the disclosure, Bitmine purchased 17,362 ETH during the preceding seven-day period.
Bitmine Immersion Technologies, Inc., BMNR
This acquisition marked a significant achievement, elevating the company’s total ethereum reserves past the 6 million ETH threshold for the first time. The current treasury balance stands at 6,001,302 ETH.
Based on prevailing market rates, this holding carries an estimated value of $16.1 billion. The company declined to reveal the average acquisition cost for this most recent purchase.
Chairman Tom Lee characterized the achievement as a major victory for the organization. He emphasized that this substantial position was accumulated in fewer than 15 months.
The company’s ethereum reserves now represent approximately 5% of Ethereum’s available circulating supply. According to Bitmine, this places them at 98% completion of their strategic target.
Ethereum’s overall token supply currently stands at approximately 122.1 million. Reaching the complete 5% ownership threshold would necessitate holding close to 6.1 million ETH.
Using these calculations, Bitmine requires an additional 104,000 ETH to achieve its stated goal. The organization has maintained weekly ethereum purchases consistently since initiating this strategy in mid-2025.
Staking Infrastructure Grows
Currently, more than 5 million ETH from the company’s reserves are actively staked. This represents approximately 84% of the total ethereum holdings.
The staked tokens are producing an annual yield of 2.62%. Lee indicated that current projections estimate annualized staking income approaching $358 million.
Should the entire treasury be staked via Bitmine’s proprietary 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 Holdings Increase
Bitmine’s aggregate holdings, including cryptocurrency assets, cash reserves, and additional investments, now stand at $17.2 billion. This marks an increase from the previous week’s $17.1 billion valuation.
The investment portfolio encompasses 213 BTC, valued at approximately $17.8 million. Additionally, Bitmine maintains a $180 million position in Beast Industries alongside a $115 million stake in Eightco Holdings.
Cash reserves and marketable securities totaled $672 million. This represents a modest decrease from the prior week’s $714 million balance.
Bitmine continues to dominate as the largest corporate ethereum holder by a substantial margin. Joe Lubin’s Sharplink and The Ether Machine rank second and third, with holdings of 888,938 ETH and 496,712 ETH respectively.
Ethereum was trading near $2,679 at the time of reporting. This represents approximately a 1% decrease over the previous 24 hours and roughly a 2% decline over the past seven days.
Lee is scheduled to deliver a keynote address at Korea Blockchain Week in Seoul on September 30. His presentation is slated 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
