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1h ago

BitMine Lifts Ethereum Hoard to 3.63 Million Tokens After Nearly 70,000 ETH Weekly Buy as BMNR Shares Rebound

The company reports higher unencumbered cash, signaling capacity to keep buying despite roughly $4 billion in unrealized losses.

Bitmine expands ethereum holdings with major purchase
Bitmine immersion added nearly 70k ether last week, now holding 3% of eth supply
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Overview

  • BitMine added 69,822 ETH over the past week, including 21,537 ETH via FalconX and 28,625 ETH on the open market within 48 hours.
  • Disclosed holdings now stand at about 3.63 million ETH, or roughly 3% of supply, keeping BitMine the largest corporate Ethereum treasury and about 60% of the way to its 5% target.
  • Unencumbered cash rose to $800 million and total crypto, cash and other investments were reported at $11.2 billion, including 192 bitcoin and a stake in Eightco Holdings.
  • BMNR shares bounced intraday, with reports of gains from roughly 4% to nearly 20%, as regulatory filings showed institutional ownership climbing from 10 million to 100 million shares in four weeks.
  • Management is preparing a U.S. staking initiative called MAVAN for early 2026 and has initiated a $0.01 annual dividend while maintaining its Strategic ETH Reserve program.