Bitmine Immersion Technologies (NYSE: BMNR) said Sept. 14, 2026, it bought 27,180 ether over the past week, lifting its treasury to 5,956,378 ETH, or 4.9% of the token’s 122.0 million supply. About 85% of that stack is staked.
Key Takeaways
- Bitmine held 5,956,378 ETH as of Sept. 13, worth about $15 billion at its stated price of $2,513 per token.
- The company bought 27,180 ETH last week, extending a weekly buying streak that began in June 2025.
- Staked ether totaled 5,067,309 tokens, roughly 85% of the current holdings and $12.7 billion at that price.
- Bitmine put projected annualized staking revenue at $334 million, based on a 2.62% seven-day yield.
- Crypto, cash, marketable securities and equity stakes together came to $15.8 billion.
What Happened?
Bitmine, the Ethereum treasury company chaired by Fundstrat co-founder Tom Lee, disclosed holdings of 5,956,378 ETH priced at $2,513 per token, citing Coinbase. The position equals 4.9% of Ethereum’s 122.0 million token supply.
The balance sheet also carries 212 bitcoin, a $180 million stake in Beast Industries, a $98 million stake in Eightco Holdings (NASDAQ: ORBS), and $549 million in cash and marketable securities, for a combined $15.8 billion.
That ranks Bitmine second among corporate crypto treasuries, behind Strategy Inc., which the company said owns 845,080 BTC worth roughly $71 billion. It remains the largest ether treasury, built through successive weekly treasury updates.
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— Bitmine (NYSE-BMNR) $ETH $BMNP (@BitMNR) September 14, 2026
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BitMine provided its latest holdings update for September 14, 2026
$15.8 billion in total crypto + "moonshots":
– 5,956,378 ETH at $2,513 per ETH (per @coinbase)
– 212 Bitcoin (BTC)
– $180 million stake in Beast Industries @MrBeast
– $98 million stake in Eightco Holdings…
Staking now carries most of the balance sheet
Bitmine reported 5,067,309 ETH staked as of Sept. 7, worth $12.7 billion at the stated price. That is about 80% of the company’s entire $15.8 billion asset base, sitting in one staked position.
The company’s own staking operations produced a seven-day annualized yield of 2.62%, which it translated into projected annual revenue of $334 million. Bitmine put the figure at $392 million once every token is staked through MAVAN and its staking partners. The distance between the two numbers is the roughly 15% of holdings not yet on the platform.
MAVAN, the Made in America Validator Network, started as infrastructure for Bitmine’s own treasury and later opened to institutional investors and custodians.
What the advisor expects?
Tom DeMark, founder of DeMark Analytics and a capital markets adviser to Bitmine, said in the statement that ether is set up for a sharp move higher, pointing to August trading and the expiration of a 12-day metric.
DeMark said:
Lee said the ETH/BTC ratio had reached its highest level since Jan. 30 and that ether outperformed the S&P 500 by 5,866 basis points in the third quarter through the prior Friday. Neither statement carried a price target.
The Bottom Line
Bitmine’s disclosure is a mark-to-market snapshot, not a results statement. The $15.8 billion headline rests on one ether price recorded on a single afternoon, and the staking revenue number is a projection drawn from a seven-day yield window. Both figures move with the token.
Several questions stay open. The company did not say how the week’s purchase was funded, when the unstaked remainder moves onto MAVAN, or what exit timing looks like for a staked position of this size. For anyone already holding BMNR, the checkable items are the weekly treasury updates and the underlying filings, where the token count, the price stamp and the staked total each carry their own date.
