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BitMine Lifts Ethereum Hoard to 2.65 Million Tokens After $980 Million Weekly Buy

The company frames the latest OTC accumulation as a step toward its 5% ownership goal tied to long-horizon AI–crypto themes.

Overview

  • The update lists 2,650,900 ETH plus 192 BTC, $436 million in unencumbered cash, and a $157 million stake in Eightco Holdings.
  • Purchases over the last week totaled 234,846 ETH, with recent September settlements routed through desks and custodians including Galaxy Digital, BitGo, and FalconX.
  • The stash exceeds 2% of circulating ETH, placing BitMine first among public ETH treasuries and second overall behind Strategy Inc.’s Bitcoin reserve.
  • BMNR shares rose about 5–6% intraday to roughly $53–$54 after the disclosure, though the stock remains down over the past week.
  • Fundstrat data shows BMNR averages about $2.6 billion in daily trading value, ranking 26th among U.S.-listed equities.