BitMine Immersion Technologies added 9,926 Ethereum over the week ending Aug. 16, raising its reported holdings to 5,815,164 ETH.
Summary
- 9,926 ETH purchased last week raised BitMine’s reported treasury to 5,815,164 tokens by Sunday night.
- BMNR shares rose 3.68% Monday to $18.73, then added 0.37% during after hours trading later.
- BitMine has staked 5,067,309 ETH, representing approximately 87% of its reported Ethereum treasury holdings currently.
- Annualized staking revenue of $250 million remains a company projection based on recent yields only.
- 1.7 million shares were repurchased last week under BitMine’s previously authorized $4 billion buyback program.
The U.S. company valued the tokens at approximately $11 billion using an ETH price of $1,893. BitMine said the position represented 4.8% of Ethereum’s estimated 120.7 million supply in its Aug. 17 release.
BMNR stock closed 3.68% higher at $18.73 on the New York Stock Exchange on Aug. 17. It gained another 0.37% to $18.80 in after hours trading, according to Google Finance data.
BitMine stock opened Monday at $18.20 and traded between $18.11 and $19.00. Approximately 30.95 million shares changed hands, compared with its reported average volume of 32.51 million.
Google Finance placed BitMine’s market capitalization at approximately $11.3 billion, based on 603.23 million outstanding shares. The market value was close to the company’s reported $11.4 billion in crypto, cash, marketable securities and other investments.
BMNR remained well below its 52 week high of $65.60. The stock was also above its 52 week low of $12.80. Those figures show that BMNR has experienced a wide trading range while BitMine expanded its Ethereum strategy.
BitMine ETH holdings approach the 5% target
BitMine calls its objective of holding 5% of Ethereum’s supply the “Alchemy of 5%.” Using the company’s stated supply estimate, the target would equal approximately 6.035 million ETH.
The current balance leaves BitMine roughly 219,836 ETH short. Its holdings represent about 96.4% of the tokens required. Changes in Ethereum’s supply could alter the final amount needed.
BitMine has reported weekly Ethereum purchases since adopting its treasury strategy on June 30, 2025. As previously reported, its Ethereum balance reached 5.74 million tokens in early July.
The latest acquisition was smaller than several earlier weekly purchases. In related coverage, the company previously added more than 100,000 ETH during a single week in May.
BitMine did not disclose the average purchase price for the latest 9,926 ETH. It also provided no deadline for completing its 5% supply target.
Staked ETH produces variable rewards
BitMine reported that 5,067,309 ETH was staked as of Aug. 16. The tokens were worth about $9.59 billion at the company’s reference price and represented 87.1% of its holdings.
Approximately 747,855 ETH remained outside staking based on the disclosed figures. BitMine said some of its tokens are staked through MAVAN, its Made in America Validator Network, alongside other staking partners.
The company projected $250 million in annualized staking revenue using a seven day yield of 2.61%. This is a company estimate rather than guaranteed revenue. Ethereum staking returns vary with validator participation, network activity, execution rewards and other factors.
Applying the same yield to BitMine’s entire ETH balance would produce approximately $287 million annually at the cited price. BitMine described that amount as a projection for when its treasury is fully staked.
The staking position has grown rapidly since December. As crypto.news reported, BitMine initially deposited 74,880 ETH for staking before expanding the program during 2026.
Share repurchases reach 20.8 million
BitMine repurchased 1.7 million common shares during the latest week. That raised total repurchases since July 1 to more than 20.8 million shares, according to the company.
The board increased its repurchase authorization from $1 million to $4 billion in April, an SEC filing shows. An authorization sets a spending limit but does not require BitMine to use the entire amount.
The announcement did not disclose the average price paid for the latest shares or the total amount spent. At Monday’s closing price, 1.7 million shares would have a market value of approximately $31.8 million. That calculation is an estimate, not the company’s reported cost.
Repurchases reduce the share count when the acquired stock is retired or held as treasury stock. However, future equity issuance or preferred stock conversions could offset that reduction.
The reported portfolio is valued at $11.4 billion
BitMine valued its combined crypto, cash, marketable securities and other investments at $11.4 billion as of Aug. 16. In addition to Ethereum, the company reported holding 210 Bitcoin and $78 million in cash and marketable securities.
The total included a $180 million position in Beast Industries and a $73 million stake in Nasdaq listed Eightco Holdings. BitMine refers to those investments as “moonshots.”
The reported total is not necessarily equivalent to assets calculated under accounting rules. Its value can also change quickly because Ethereum accounts for most of the portfolio.
Investors will next be watching BitMine’s SEC disclosures for further information about the repurchases and investment valuations. The company’s weekly updates will also show whether it continues acquiring ETH as it approaches its 5% target.
