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BitMine Adds $321 Million in Ethereum, Lifting Treasury to 3.31 Million ETH

The purchase moves BitMine closer to its stated 5% accumulation goal by taking its share of Ethereum’s supply to about 2.8%.

Overview

  • The company acquired 77,055 ETH over the past week, bringing its total to roughly 3.313 million tokens.
  • BMNR shares rose about 4.5% to 5% Monday as Ethereum rebounded in recent sessions to the low $4,100s.
  • Reported assets total approximately $14.2 billion, including 192 BTC, $305 million in cash, and an $88 million stake in Eightco.
  • BitMine is the largest corporate holder of Ethereum and ranks second among all crypto treasuries behind Strategy’s Bitcoin holdings.
  • Chairman Tom Lee cited improving trade relations and a broader risk-on tone after early-October deleveraging as reasons for the latest add.