BitMine Adds 9,926 ETH As Ethereum Holdings Reach 5.82 Million

TLDR

• BitMine added 9,926 ETH last week, raising its total holdings to 5,815,164 tokens.
• BMNR stock rose 3.68% to close at $18.73 on Monday, then gained further in after hours trading.
• The company has staked 5,067,309 ETH, about 87% of its total holdings, generating a 2.61% yield.
• BitMine repurchased 1.7 million shares last week, bringing total buybacks since July to more than 20.8 million shares.
• The company’s Ethereum stack now equals 4.8% of ETH’s total supply, closing in on its 5% target.

BitMine Immersion Technologies added 9,926 Ethereum tokens over the week ending August 16, according to a company disclosure. The purchase brought its total holdings to 5,815,164 ETH, valued at roughly 11 billion dollars.

The company’s stock, which trades on the New York Stock Exchange, closed at $18.73 on Monday. That marked a gain of 3.68% for the day. Shares added another 0.37% in after hours trading.

Trading volume came in near 30.95 million shares. That was slightly below the average volume of 32.51 million shares. The stock has traded between $12.80 and $65.60 over the past year.

Staking Generates Steady Yield

BitMine has staked 5,067,309 ETH, which makes up about 87% of its total holdings. Those staked tokens were worth close to 9.6 billion dollars at the company’s reference price.

The staking program produced a seven day yield of 2.61%. Based on that rate, BitMine projects annualized staking revenue of 250 million dollars.

That figure is a projection rather than a guaranteed return. Staking rewards can shift based on network activity and validator participation.

BitMine also continued its stock buyback program during the same week. The company repurchased 1.7 million shares, bringing total repurchases since July 1 to more than 20.8 million shares.

The board approved a buyback program worth up to 4 billion dollars back in April. Chairman Thomas Lee described the ongoing repurchases as the largest ever carried out by a crypto treasury company.

Closing In On The 5% Target

BitMine calls its goal of owning 5% of all ETH the “Alchemy of 5%.” Based on an estimated supply of 120.7 million tokens, that target equals about 6.035 million ETH.

The company’s current holdings put it at roughly 96% of that goal. About 219,836 more tokens would be needed to reach the full target.

BitMine has purchased ETH every week since starting its treasury strategy on June 30, 2025. That streak has now lasted about 14 months without a break.

The company’s total portfolio, including crypto, cash and other holdings, was valued at 11.4 billion dollars. That includes 210 Bitcoin, 78 million dollars in cash, and stakes in Beast Industries and Eightco Holdings.

BitMine’s Ethereum treasury is currently the largest in the world. It ranks as the second largest crypto treasury overall, behind Strategy Inc, which holds 840,447 Bitcoin worth close to 58 billion dollars.

Lee has linked the company’s strategy to the ETH to BTC price ratio, which sits at 0.02994. He has pointed to rising use of Ethereum for tokenization and AI applications as a reason for the company’s continued buying.

BitMine has not set a public deadline for reaching its 5% supply target. Its next weekly update will show whether the buying streak continues.

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