Bitmine (BMNR) Stock: Company Buys 53,501 ETH in Largest Weekly Purchase Since June

TLDR

• Bitmine now holds 5,901,112 ETH worth roughly $14.5 billion, equal to 4.9% of Ethereum’s total supply.
• The company bought 53,501 ETH last week, worth around $131 million, its largest weekly purchase since June.
• Over 5 million ETH (86% of holdings) is staked through its MAVAN platform, generating a projected $335 million in annualized staking revenue.
• Ether rallied 55% in August, with Chairman Tom Lee pointing to the strong Q3 as a catalyst for more institutional crypto buying.
• A potential CLARITY Act vote in mid-September and renewed demand from Korean investors are flagged as upcoming catalysts.

Bitmine Immersion Technologies (BMNR) added 53,501 ETH last week, worth approximately $131.3 million at current prices, ramping up its buying for the second straight week after a quieter summer pace.

Bitmine Immersion Technologies, Inc., BMNR

Total ETH holdings now stand at 5,901,112 tokens. At $2,511 per token based on Coinbase pricing, that puts the stash at roughly $14.5 billion. The company also holds 211 Bitcoin, a $180 million stake in Beast Industries, an $81 million stake in Eightco Holdings (ORBS), and $541 million in cash and marketable securities. Total holdings were reported at $15.6 billion as of August 30, 2026.

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