BitMine boosts ETH stash by 32,447 tokens; total holdings hit 5.847M with 87% staked
AI Market Summary
BitMine (BMNR) reported holding 5.85M ETH (~4.8% of supply) and adding 32,447 ETH in a week, while staking ~87% of its balance for an estimated $330M annualized income. The scale and consistency of corporate ETH accumulation and staking can tighten liquid supply, reinforce institutional participation in Ethereum, and increase market focus on staking yield dynamics and concentration risk.
Impact level
● Medium
Affected assets
ETH/USDT+1.47%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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BitMine Immersion Technologies (BMNR) said that as of Aug. 23 it held 5,847,611 ETH, equal to about 4.8% of total ETH supply, based on an ETH price of $2,440, according to ChainCatcher citing a PRNewswire release.
The company added 32,447 ETH over the past week and said it has been buying ETH on a weekly basis since launching its ETH treasury strategy in June 2025.
BitMine put total assets at about $14.9 billion, including crypto assets, cash and marketable securities. The disclosure listed 210 BTC and $308 million in cash and marketable securities.
BitMine has staked 5,067,309 ETH, about 87% of its ETH holdings, and estimated annualized staking income at roughly $330 million.
