Bitmine Swoops on $81 Million in Ethereum as BMNR Surges

Bitmine Immersion Technologies (NYSE:BMNR) has made its largest Ethereum purchase since early July, buying 32,447 ETH for approximately $81 million. This adds to the company's existing holdings, which now total 5,847,611 ETH worth around $14.6 billion, representing about 4.8% of Ethereum's total supply.

Bitmine has been steadily increasing its Ethereum holdings every week for 60 consecutive weeks since launching its treasury strategy in June 2025. The company is still short 187,000 tokens to reach its target of 5% of Ethereum's total supply.

In related news, Bitmine's MAVAN institutional staking platform has put 5.07 million ETH to work, generating a 7-day annualized yield of 2.67%. This is expected to result in $330 million in annualized staking revenue at current prices.