BitMine Passes 6 Million ETH as Weekly Purchase Slows to 17,362 Tokens

BitMine Immersion Technologies (BMNR) stated on Monday that it holds greater than 6 million Ethereum (ETH) after shopping for 17,362 tokens within the week ending September 27.

The newest purchase was smaller than the 27,562 ETH the corporate (*6*) every week earlier. It took the treasury to 6,001,302 ETH. That is 4.9% of the 122.1 million ETH in provide, towards BitMine’s aim of proudly owning 5%.

Staked Ether Holds at 5.07 Million

BitMine marked its ETH at $2,698 per token, utilizing Coinbase costs. At that value, its crypto, money, securities, and fairness stakes add up to $17.2 billion. The launch ranks BitMine second amongst crypto treasuries worldwide, behind Strategy (MSTR).

BitMine Chairman Tom Lee stated the corporate constructed the place in below 15 months. He added that BitMine has purchased ETH each week since its treasury technique started on June 30, 2025. The treasury crossed 5 million ETH in late April.

BitMine reported 5,067,309 ETH staked, value $13.7 billion at its mark. The firm has reported that very same rely in each weekly replace since August 9, in accordance to its SEC filings. Over that stretch, the treasury stored rising, and the staked share has slipped to 84%.

The firm stakes by way of MAVAN, the Made in America Validator Network it launched in March, and thru outdoors staking companions. Lee projected annualized staking income of $358 million, primarily based on a 2.62% seven-day yield from BitMine’s personal operations. He stated that projection rises to $424 million as soon as the entire firm’s ETH is staked.

Lee Expects Institutions to Add Crypto

“In our view, establishments are nonetheless underweight crypto and we anticipate them to be including to their publicity within the closing months of 2026,” Lee stated. He added that ETH is thrashing the S&P 500 by 6,728 foundation factors within the quarter to date. He is due to give the keynote at Korea Blockchain Week in Seoul on September 30.

Cash and marketable securities fell to $672 million from $714 million every week earlier. BitMine gave no cause for the money decline. Besides ETH and money, BitMine held 213 Bitcoin (BTC), a $180 million stake in Beast Industries and a $115 million place in Eightco Holdings (ORBS). BitMine describes Eightco as one of many few listed shares that give traders oblique publicity to OpenAI.

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