Bitmine Immersion Technologies Raises Ethereum Treasury to 5.90 M ETH, Nearing 5% of Supply

Bitmine Immersion Technologies (BMNR) disclosed that its Ethereum treasury now totals 5,901,112 ETH, putting the firm within striking distance of a 5% stake in the network’s circulating supply. The increase comes as ether’s price has surged roughly 33% in August, climbing from the $1,800‑$1,900 range to above $2,500.

Recent Purchase Activity

The company added 53,501 ETH over the past week, continuing a weekly buying pattern that began when Bitmine launched its Ethereum treasury strategy on June 30, 2025.

Staking Strategy

Approximately 86% of Bitmine’s ETH holdings—5,067,309 ETH—are staked through its Made‑in‑America Validator Network (MAVAN) and partner validators. At an assumed price of $2,511 per ETH, the staked portion is valued at about $12.7 billion. Bitmine projects annual staking revenue of roughly $335 million, with a potential increase to $390 million if the full stake is deployed.

Impact on Share Price

BMNR shares rose about 38% during August, mirroring ether’s price gains, though the stock remains roughly 45% below its 12‑month level and far from its 52‑week high of $65.60.

Broader Holdings

• 211 BTC (approximately $16.4 million)
• $541 million in cash and marketable securities
• $180 million stake in Beast Industries
• $81 million position in Eightco, a DAT holding Worldcoin (WLD)

Market Context

U.S. spot ether ETFs attracted about $1.06 billion in August, and exchange balances of ETH have been shrinking, reducing immediate sell pressure. Analysts note a strong correlation—around 80%—between BMNR’s stock performance and ether’s price movements.