TLDR
- BMNR jumps 8% as Bitmine raises Ethereum holdings to 5.85 million after latest buy
- Bitmine adds 32,447 ETH and moves closer to controlling 5% of Ethereum supply
- Bitmine stakes over 5 million ETH as its expanding treasury strategy gains scale
- Ethereum‘s 30% weekly surge boosts the value of Bitmine’s massive crypto treasury
- Bitmine keeps its lead as the largest public Ethereum treasury after another buy
Bitmine Immersion Technologies (BMNR) shares rose 8.26% to $24.72 after the company reported another major expansion of its Ethereum treasury. The company added 32,447 ETH last week and lifted total Ethereum holdings to 5,847,611 tokens. The latest purchase moved Bitmine closer to its target of controlling 5% of Ethereums circulating supply.
Bitmine Immersion Technologies, Inc., BMNR
Bitmine valued its crypto assets, cash, marketable securities, and strategic holdings at about $14.9 billion on August 23. Its portfolio also included 210 Bitcoin, $308 million in cash and marketable securities, and two strategic equity positions. Those positions included a $180 million stake in Beast Industries and an $89 million investment in Eightco Holdings.
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The company currently controls about 4.8% of Ethereums estimated 120.7 million token supply. Reaching the 5% threshold would require about 6.04 million ETH at the current supply level. Therefore, Bitmine remains roughly 187,000 ETH short of its long-term accumulation target.
Ethereum Staking Supports Bitmines Treasury Strategy
Bitmine has also increased the amount of Ethereum committed to staking through its treasury operations and staking partners. The company reported 5,067,309 staked ETH, representing about 87% of its total Ethereum holdings. At the stated ETH reference price, the staked position carried a value near $12.4 billion.
Bitmine launched its Made in America Validator Network earlier in 2026 to support institutional-grade Ethereum staking infrastructure. The platform currently handles part of the company‘s treasury assets and could later serve outside institutions. This strategy connects Bitmine’s Ethereum accumulation plan with recurring staking income from its large treasury.
The company projected annualized staking revenue near $330 million based on its current staked balance and reported yield. Bitmine also estimated annual rewards could reach $381 million after staking its entire Ethereum treasury. The company reported a seven-day staking yield of 2.67% on an annualized basis.
Bitcoin Position Adds Broader Crypto Treasury Exposure
Bitcoin remains a smaller part of Bitmine‘s treasury, with the company holding 210 BTC alongside its larger Ethereum position. That structure reflects Bitmine’s decision to make Ethereum the central asset behind its corporate treasury strategy. Bitcoin still gives the company additional exposure to broader cryptocurrency market conditions and liquidity trends.
Bitmine ranks behind Strategy among major public crypto treasuries by total digital asset value. Strategy reportedly holds 840,447 Bitcoin, making it the largest corporate Bitcoin treasury globally. Meanwhile, Bitmine leads the public Ethereum treasury category through the scale of its accumulated ETH position.
The latest update follows a strong week for Ethereum, which gained about 30% and increased Bitmines treasury value. Management linked the advance to stronger crypto fundamentals, tokenization growth, artificial intelligence demand, and improving financial conditions. Bitmine has purchased Ethereum every week since launching its treasury strategy on June 30, 2025.