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BitMine Lifts Ethereum Treasury to 3.97 Million ETH After $320 Million Weekly Buy

Management frames the move as progress toward 5% of supply, followed by yield from a planned proprietary staking rollout in early 2026.

Photo: PJ McDonnell
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Bitmine eth holdings near 4 million as stock trades close to mnav range
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Overview

  • BitMine’s holdings now equal more than 3.2% of circulating ETH, with the company reiterating its 5% acquisition target.
  • Total crypto, cash, and strategic assets stand at roughly $13.2–$13.3 billion, including $1.0 billion in cash, 193 BTC, and a $38 million ORBS stake.
  • The firm remains the largest corporate ETH treasury and the second-largest overall crypto treasury, trailing bitcoin-focused Strategy Inc. (MSTR).
  • Industry reporting estimates roughly $3 billion in unrealized losses on BitMine’s ETH position after months of price declines from prior highs.
  • BMNR shares rank among the most traded in the U.S. with about $1.9 billion in five-day average daily dollar volume, fell about 6–7% on Monday, and the annual meeting is set for January 15, 2026 at Wynn Las Vegas.