BitMine Buys 27,562 ETH in a Week as Holdings Reach $17.1 Billion

BitMine Immersion Technologies (BMNR) purchased 27,562 Ethereum (ETH) over the week to September 20 and reported mixed crypto, money, and moonshot holdings of $17.1 billion in a press launch and 8-Ok filed September 21.

Total holdings rose $1.3 billion from the $15.8 billion BitMine reported a week earlier, when it added 27,180 ETH. The firm marked its Ether at $2,688 per token, per Coinbase, up from $2,513 a week earlier. That mark places the week’s purchases at roughly $74 million, with the treasury at 5,983,940 ETH.

Staked Total Flat Since Late August

BitMine Chairman Thomas “Tom” Lee stated the corporate “has purchased ETH every week for the reason that inception of its ETH Treasury Strategy on June 30, 2025,” a observe file he referred to as “unmatched by any public firm in the world.” The tempo has swung this yr; one July buy fell to 7,430 ETH, down from greater than 30,500, a slowdown Lee tied to share buybacks.

Holdings equal 4.9% of the 122.1 million ETH in provide, and BitMine places itself 98% of the best way to its goal of owning 5% of all ETH, the plan it calls the Alchemy of 5%, 15 months after the technique started.

BitMine stakes 5,067,309 ETH, value $13.6 billion at its mark and 85% of the treasury, by MAVAN, its Made in America Validator Network. The staked rely has held there for 5 consecutive weekly updates, even as the token whole saved climbing.

Lee put projected annualized staking income at $357 million, up from $334 million a week earlier, rising to $421 million as soon as the ether is totally staked, on a 2.62% seven-day yield.

Lee Sees Stronger Fourth Quarter

“We consider a crypto bull market is underway, having began in late June,” Lee mentioned, citing “the rotation from AI again to crypto.”

He put Ether’s quarter-to-date lead over the S&P 500 at 6,519 foundation factors, referred to as the run “a prelude to a probably stronger up transfer in the 4th quarter of 2026,” and mentioned the corporate expects establishments “to considerably improve their publicity in the ultimate 3 months of 2026.”

Cash and marketable securities rose to $714 million from $549 million a week earlier. The launch gave no cause for the rise. Alongside the ether, BitMine held 212 Bitcoin (BTC), a $180 million stake in Beast Industries and a $105 million place in Eightco Holdings (ORBS), up from $98 million.

BMNR traded $1.2 billion in common each day greenback quantity over the 5 days to September 18, rating a centesimal of 5,704 US-listed shares, based on Fundstrat, Lee’s analysis agency. The launch ranks BitMine first amongst ether treasuries and second amongst crypto treasuries general, behind Strategy (MSTR), which the discharge mentioned owns 845,080 Bitcoin value about $75 billion.

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