Overview
- The company said it bought 69,822 ETH last week, roughly $195 million, bringing its holdings to 3.63 million tokens, or about 3% of supply.
- On-chain trackers reported two large additions within 48 hours: 21,537 ETH transferred via FalconX and a separate open‑market buy of 28,625 ETH.
- BitMine disclosed unencumbered cash of $800 million and total crypto, cash and other investments of $11.2 billion, including 192 bitcoin and a small Eightco stake.
- BMNR shares rebounded on Monday with gains reported near 10%–20% after the update, even after a steep monthlong slide; multiple reports also cite a sharp rise in institutional ownership filings.
- Management reiterated a goal to reach 5% of ETH supply, noted roughly $4 billion in unrealized losses from price declines, declared a nominal dividend and outlined the MAVAN staking rollout targeted for early 2026.