Overview
- BitMine said it acquired 69,822 ETH last week worth about $195 million, bringing its treasury to 3.63 million ETH, or roughly 3% of supply.
- On-chain trackers including Lookonchain, citing Arkham Intelligence, flagged two large moves within 48 hours: 21,537 ETH received from FalconX and a 28,625 ETH open‑market buy.
- BMNR stock jumped nearly 20% into Monday’s close following the disclosure, reversing part of a steep monthlong slide.
- The firm is carrying roughly $4 billion in unrealized losses on its ETH holdings after the token’s sharp decline since August.
- BitMine reiterated its 5% accumulation goal, reported unencumbered cash of $800 million and $11.2 billion in combined assets, declared a $0.01 annual dividend, and outlined its MAVAN staking rollout targeted for early 2026.