Bitmine Treasury Surpasses 6 Million ETH Milestone
Key Facts
Bitmine Immersion Technologies increased its Ethereum treasury to 6,016,414 ETH after purchasing an additional 15,112 tokens over the past week. According to crypto.news, the market value of the company's holdings is approximately $13.8 billion, bringing it closer to its strategic target of owning 5% of the total ETH supply.
BMNP closed at $99.48 on October 2, 2026, with the stock reaching a day high of $99.67 and a low of $99.15. These price levels coincide with the company's ongoing execution of its long-term accumulation strategy, as it currently holds approximately 4.9% of the available Ethereum supply.
Latest Updates · 4
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Update: Bitmine Immersion Technologies stock outperformed Ethereum by 731 basis points during the first nine months of 2026. This outperformance occurred despite the stock recording a 3% decline during the period, highlighting a divergence in the rate of depreciation between the company's treasury assets and its market valuation.
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Update: BitMine projects $363 million in annual staking revenue from its holdings. These projections are based on a seven-day yield of 2.63% generated from the company's proprietary operations.
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Update: Bitmine announced that its recent Ethereum purchases totaled $41 million. With this acquisition, the company has now achieved 99% of its strategic 'Alchemy of 5%' target for total supply ownership.
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Update: Tom Lee pointed to Bitmine's execution of a 21 million share buyback so far in 2026. This move, occurring alongside the Ethereum treasury expansion, indicates a dual strategy of enhancing shareholder value while maintaining aggressive digital asset accumulation.