ethereum ·
BMNR stock jumps 7% as Bitmine closes in on owning 5% of all ETH
Reviewed by Reviewed by Jibin Mathew George Updated 17:00 EST November 4, 2026 Share Share https://ambcrypto.com/bmnr-stock-jumps-7-as-bitmine-closes-in-on-owning-5-of-all-eth/ Share https://ambcrypto.com/bmnr-stock-jumps-7-as-bitmine-closes-in-on-owning-5-of-all-eth/ show = window.scrollY > 200) " class="col-span-full w-full"> Back to Top Bitmine Immersion Technologies [BMNR] just bought more Ethereum [ETH].
Still, the pile isn't negligible anymore, making this worthy enough to take a look. Bitmine picked up 8,573 ETH last week, at $2,261 per token.
At press time, the total stash was worth 6,060,506 ETH. In fact, that's 4.9% of Ethereum's 122.2 million supply.
The company has been chasing 5% for about 15 months and now, they're about 50,000 ETH short. According to Chairman Tom Lee, Bitmine has bought ETH every single week, since starting its treasury strategy in June 2025.
Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Most of that ETH is working too.
Around 5.23 million tokens, or 86% of the stack, are staked. At full scale, it is expected that they'd bring about $415 million a year in staking rewards.
Add cash, Bitcoin [BTC], and a few side bets, then Bitmine's total holdings come up to $14.5 billion. Lee also commented on Binance's recent $6.3 billion hack, which the FBI has blamed on North Korea.
