Overview
- BitMine said it bought 138,452 ETH last week—its largest weekly haul in nearly two months—lifting holdings to 3,864,951 ETH and marking a 156% pace increase from roughly 54,000 ETH four weeks earlier.
- The treasury now controls just over 3.2% of circulating ether and is publicly targeting ownership of at least 5% of total ETH supply.
- Reported assets total about $13.2 billion, including roughly $1.0 billion in cash, 3.86 million ETH, 193 BTC, and a $36 million stake in Eightco Holdings.
- The company remains one of the most actively traded U.S. stocks, with average daily dollar volume near $1.8 billion, placing it among the top ~40 by turnover.
- BitMine is building its Made in America Validator Network for an early‑2026 rollout to pursue staking yield, while contending with sizable unrealized losses estimated near $3 billion and a narrowing equity premium that challenges the digital‑asset‑treasury model.