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6d ago

BitMine Adds $821 Million of Ether, Lifting Holdings to 2.83 Million Tokens

The purchase cements BMNR as the largest corporate ETH holder, trailing only Strategy in total crypto reserves.

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Bitmine immersion added $821m in ether, bringing cash and crypto holdings to $13.4b
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Overview

  • BitMine bought 179,251 ETH last week at an average price of $4,535, taking its stash to roughly 2.83 million tokens, a little over 2% of supply.
  • The company reported $13.4 billion in combined crypto and cash reserves, including $456 million in cash, 192 BTC, and a $113 million stake in Eightco Holdings (ORBS).
  • With the latest increase, BitMine ranks as the top listed Ethereum treasury and the second-largest corporate crypto treasury overall, surpassing Marathon Digital.
  • BMNR shares jumped on the update, with reports citing intraday gains of roughly 9% to 11% on Monday following premarket strength.
  • Leadership reiterated plans to stake ETH and pursue ownership of up to 5% of circulating supply, highlighting meetings at Token2049 and a focus on Ethereum’s role in Wall Street and AI.