BitMine’s BMNR May Strengthen Lead After Adding Nearly $1B in Ethereum

• BitMine purchased ~234,846 ETH (~$980M), raising total ETH to 2.65M (≈$11B)

• BMNR stock rose over 6% after the disclosure; shares traded near $53.60 but remain down ~4% week-over-week.

• Company holdings: 2.65M ETH, 192 BTC (~$21.6M), and $436M in unencumbered cash — total crypto & cash ≈ $11.6B.

BitMine adds nearly $1 billion in Ethereum, boosting ETH treasury to $11B. Read key facts, market impact, and next steps — full update and analysis.

How much Ethereum did BitMine add to its treasury?

BitMine added approximately 234,846 ETH (about $980 million) over the last week, raising its total holding to roughly 2.65 million ETH valued at about $11 billion. The company disclosed combined crypto and cash assets near $11.6 billion, underpinning its status as the largest publicly traded Ethereum treasury.

How did the market react to BitMine’s Ethereum purchase?

BMNR stock jumped more than 6% on the announcement, reaching about $53.60 in morning trading. Despite the intraday gain, the share price remains roughly 4% lower over the past week. The disclosure of 2.65M ETH, 192 BTC (~$21.6M), and $436M cash drove investor revaluation of BitMine’s balance sheet.

How does BitMine rank among crypto treasury firms?

BitMine is the largest publicly traded Ethereum treasury, holding about $11B in ETH. It substantially outpaces the runner-up, SharpLink Gaming (reported ETH value ≈ $3.37B). Globally, BitMine ranks second in total cryptocurrency treasury value behind Strategy Inc., which focuses on Bitcoin and holds approximately $72B in BTC.

Frequently Asked Questions

What does this mean for BitMine’s competitors and market position?

BitMine’s near-$1B ETH purchase widens the gap with other publicly traded Ethereum treasuries. SharpLink Gaming holds an estimated $3.37B in ETH, making BitMine the clear leader among listed firms. In total treasury value, BitMine remains second to Strategy Inc., which is Bitcoin-focused with roughly $72B in BTC.

What are the probability markets saying about future ETH targets?

Market predictors currently give BitMine an ~81% chance to reach 3 million ETH by October 27. That probability rose about 15% in the prior day, reflecting increasing confidence from participants ahead of the latest disclosure.

Key Takeaways

• Major ETH accumulation: BitMine added ~234,846 ETH (~$980M) last week, raising ETH holdings to ~2.65M.
• Stronger market position: With an ETH treasury worth ≈ $11B, BitMine is the largest publicly traded Ethereum treasury.
• Investor response: BMNR stock rose over 6% after the announcement; treasury disclosures show combined assets of ≈ $11.6B.

Conclusion

BitMine’s nearly $1 billion Ethereum purchase boosted its ETH treasury to roughly 2.65 million ETH (≈$11B), reinforcing its lead among publicly traded Ethereum treasuries and prompting a positive market reaction. For ongoing coverage and filings, refer to company disclosures and official COINOTAG updates.