Bitmine Increases Ethereum Holdings to Nearly $15 Billion
Bitmine Immersion Technologies (BMNR) has increased its Ethereum holdings by purchasing an additional 28,086 ETH in the past week. This brings its total corporate treasury to approximately 5.93 million tokens, valued at nearly $15 billion as of September 8, 2026. Despite a year-over-year decline of 42% for Ethereum (ETH-USD), Bitmine has continued accumulating ether aggressively, even reporting unrealized losses in its portfolio. The company's strategy involves raising capital through public markets to fund crypto purchases, making BMNR stock effectively a leveraged bet on the performance of ETH. With Bitcoin and other cryptocurrencies also part of its holdings, Bitmine’s total assets under management now exceed $15 billion. Thomas Lee, co-founder of Galaxy Digital, has publicly expressed optimism about Ethereum's future price trajectory. Bitmine operates from Silverton, Texas, where it runs a mining facility with 4,640 machines and generates roughly $1.2 million per quarter in revenue. The company recently launched its Made in America Validator Network (MAVAN), which allows Bitmine to stake ETH and potentially earn up to $374 million annually if fully utilized.
Tickers: $BMNR
Topics: Bitmine Immersion Technologies corporate asset accumulation crypto treasury Ethereum