TLDR Bitmine expands its Ethereum treasury to 5.93 million ETH as holdings surge. BMNR stock trades at $24.99 while Bitmine expands its vast crypto treasury. Bitmine stakes 5.07 million ETH a
Bitmine Immersion Technologies (BMNR) shares expanded its Ethereum treasury to 5.93 million ETH, strengthening its pACosition among major corporate crypto holders. BMNR stock traded at $24.99, up 0.06%, after recovering from an intraday low near $24.25. The company valued its combined crypto, cash, securities, and strategic holdings at $15.7 billion.
Bitmine Immersion Technologies, Inc., BMNR
Bitmine held 5,929,198 ETH as of September 7, with Ethereum trading near $2,495 at the reported valuation time. The position represented about 4.9% of Ethereum’s estimated 122 million circulating supply. Meanwhile, Bitmine added another 28,086 ETH during the latest reporting week.
The company has expanded its Ethereum position regularly since launching its ETH treasury strategy in June 2025. Bitmine said its purchases have continued every week since the strategy started. Therefore, Ethereum remains the largest component of the company’s digital asset portfolio.
Ethereum has also delivered strong performance during the third quarter of 2026. Bitmine said ETH outperformed the S&P 500 by 5,430 basis points through September 4. Management expects blockchain tokenization and growing network activity to support Ethereum demand during coming market cycles.
Bitmine has also increased the amount of Ethereum generating staking rewards through its treasury operations. The company reported 5,067,309 staked ETH, valued at roughly $12.6 billion. That amount represented around 85% of Bitmine’s total Ethereum holdings.
Bitmine reported a seven-day annualized staking yield of 2.61% across its operations. Based on current staking levels, annualized revenue could reach approximately $330 million. Full deployment through Bitmine’s staking infrastructure could increase projected annual rewards to about $386 million.
The company launched its Made in America Validator Network, known as MAVAN, earlier in 2026. Bitmine originally developed the platform to support its own growing Ethereum treasury. However, MAVAN now also serves institutions, custodians, and other blockchain ecosystem participants.
Bitmine also held 211 Bitcoin alongside its much larger Ethereum position. Bitcoin ranked among the strongest major assets during the third quarter, according to company market analysis. Bitmine also highlighted Solana among the quarter’s leading crypto assets alongside Ethereum and Bitcoin.
Beyond crypto, Bitmine reported $593 million in cash and marketable securities. The company also held a $180 million stake in Beast Industries and $91 million in Eightco Holdings. These positions contributed to Bitmine’s reported $15.7 billion total holdings value.
BMNR has also recorded strong trading activity during its rapid treasury expansion. Its five-day average daily dollar volume reached approximately $1.10 billion through September 4. Bitmine ranked 81st among 5,704 listed United States stocks by that trading measure.
Bitmine now operates the world’s largest publicly reported Ethereum corporate treasury. Strategy remains the larger overall crypto treasury because of its substantial Bitcoin holdings. However, Bitmine’s expanding ETH position and staking revenue continue supporting the bullish outlook surrounding BMNR stock.
The post Bitmine (BMNR) Stock: 5.93M ETH Treasury Strengthens Bullish Outlook appeared first on Blockonomi.
