BitMine Stock Sees 1% Jump as Ether Treasury Value Hits Market Cap

BitMine Stock Adds 1% as Ether Treasury Value Nears Market Cap

New York, August 25, 2026, 10:16 EDT - BitMine traded at $24.45, up 1.28%, at 09:47 EDT.

The company's Ether treasury value nearly matched its market cap of $14.75 billion. The stock remained among the market's most active issues, with volume reaching 10.2 million shares by 09:47 EDT.

A 1% change in Ether price changes the treasury's value by roughly $143 million. BitMine valued Ether at $2,440 per token on August 23, representing 4.8% of Ether's reported 120.7 million supply.

The company projected $330 million of annual staking revenue at the current scale. Chairman Thomas Lee said, 'Over the past week, we acquired 32,447 ETH.'