Overview
- The company said it bought 110,288 ETH over the past week, a 34% increase in weekly purchases, bringing its stake to 3,505,723 ETH or about 2.9% of supply.
- BitMine reported $398 million in unencumbered cash alongside 192 BTC and a $61 million stake in Eightco Holdings, taking total crypto, cash and "moonshots" to $13.2 billion.
- Shares of BMNR rose roughly 5%–6% on the disclosure as trading liquidity remained elevated at a five‑day average of $1.6 billion, ranking the stock 48th by dollar volume in the U.S.
- The firm says it sources ETH primarily through OTC desks to limit spot‑market impact, and it recently co‑hosted a summit at the NYSE with the Ethereum Foundation highlighting tokenization interest.
- Arkham Intelligence tracks about 3.232 million ETH and The Block tracks about 2.830 million across attributed wallets, below BitMine’s reported total, which has also drawn questions about keeping holdings unstaked and NAV transparency.