{"id":16089,"date":"2026-08-18T21:19:20","date_gmt":"2026-08-18T21:19:20","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=16089"},"modified":"2026-08-18T21:19:24","modified_gmt":"2026-08-18T21:19:24","slug":"bitmine-adds-9926-eth-as-bmnr-stock-gains-3-7","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/08\/18\/bitmine-adds-9926-eth-as-bmnr-stock-gains-3-7\/","title":{"rendered":"BitMine Adds 9,926 ETH as BMNR Stock Gains 3.7%"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">BitMine Immersion Technologies has continued expanding its Ethereum treasury, adding another <strong>9,926 ETH<\/strong> during the week ending Aug. 16.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The latest purchase pushed the company&#8217;s reported Ethereum holdings to <strong>5,815,164 ETH<\/strong>, bringing BitMine closer to its ambitious goal of owning 5% of Ethereum&#8217;s total supply.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The announcement also came alongside positive movement in BitMine&#8217;s stock. BMNR shares gained 3.68% during Monday&#8217;s trading session, while the company continued staking most of its Ethereum holdings and buying back its own shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Together, these developments show that BitMine is continuing to build its strategy around Ethereum accumulation, staking income and shareholder capital management.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">BitMine Adds Another 9,926 ETH to Its Treasury<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">BitMine reported purchasing 9,926 ETH during the latest week, increasing its total Ethereum holdings to 5,815,164 tokens.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Using an Ethereum price of approximately $1,893, the company valued those holdings at around <strong>$11 billion<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That is an unusually large Ethereum position for a publicly traded company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to BitMine, its current holdings represent approximately <strong>4.8% of Ethereum&#8217;s estimated 120.7 million token supply<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The latest acquisition was smaller than some of BitMine&#8217;s previous weekly purchases, but it still moves the company another step toward its long-term accumulation target.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">BMNR Stock Climbs Following the Update<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">BitMine&#8217;s stock also moved higher.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BMNR closed at <strong>$18.73 on Aug. 17<\/strong>, representing a gain of approximately 3.68% during the regular New York Stock Exchange session.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Shares then gained another 0.37% in after-hours trading to around $18.80.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BMNR opened the session at approximately $18.20 and traded between $18.11 and $19.00.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trading activity remained strong, with roughly 30.95 million shares changing hands compared with an average volume of about 32.51 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The gains suggest investors responded positively to the latest treasury and capital-management update, although BMNR remains a highly volatile stock.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">BMNR Remains Far Below Its 52-Week High<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite Monday&#8217;s gains, BitMine shares remain well below their 52-week peak.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BMNR&#8217;s 52-week high stands at approximately <strong>$65.60<\/strong>, while its 52-week low is around $12.80.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That wide range highlights how dramatically investor sentiment around the company has changed as BitMine expanded its Ethereum-focused strategy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At Monday&#8217;s closing price, Google Finance placed BitMine&#8217;s market capitalization at approximately <strong>$11.3 billion<\/strong>, based on roughly 603.23 million outstanding shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Interestingly, that figure is close to the company&#8217;s reported $11.4 billion portfolio of crypto assets, cash, securities and other investments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">BitMine Is Closing In on Its 5% Ethereum Target<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">BitMine describes its goal of accumulating 5% of Ethereum&#8217;s total supply as the <strong>&#8220;Alchemy of 5%.&#8221;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Using the company&#8217;s estimate of 120.7 million ETH in circulation, a 5% stake would equal approximately <strong>6.035 million ETH<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With 5,815,164 ETH currently reported, BitMine is roughly <strong>219,836 ETH short<\/strong> of that target.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That means it has already accumulated approximately 96.4% of the Ethereum required under its current calculation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, Ethereum&#8217;s total supply can change, meaning the exact number needed to reach 5% may also shift.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BitMine has not provided a specific deadline for completing the target.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ethereum Purchases Have Slowed From Earlier Levels<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">BitMine has been reporting regular Ethereum acquisitions since adopting its treasury strategy in June 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some of its earlier purchases were substantially larger than the latest 9,926 ETH addition.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During one week in May, for example, the company added more than 100,000 ETH.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That makes the latest purchase relatively modest by BitMine&#8217;s recent standards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Still, the company continues to accumulate ETH as it approaches its 5% goal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BitMine did not disclose the average price paid for the latest tokens, making it difficult to calculate the exact cost of the acquisition.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">BitMine Has Staked More Than 5 Million ETH<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Ethereum accumulation is only one part of BitMine&#8217;s strategy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company is also putting most of its holdings to work through staking.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As of Aug. 16, BitMine reported <strong>5,067,309 ETH staked<\/strong>, representing approximately 87.1% of its total Ethereum treasury.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the company&#8217;s reference ETH price, those staked tokens were worth roughly <strong>$9.59 billion<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That leaves approximately 747,855 ETH outside staking based on the disclosed figures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some of BitMine&#8217;s Ethereum is staked through MAVAN, short for the Made in America Validator Network, while additional holdings are reportedly deployed through other staking partners.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Staking Could Generate Significant Revenue<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">BitMine estimates that its current staking position could produce approximately <strong>$250 million in annualized revenue<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The calculation is based on a recent seven-day staking yield of around 2.61%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, that figure should not be treated as guaranteed annual revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ethereum staking yields constantly change depending on factors such as validator participation, network activity, execution rewards and overall staking conditions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If BitMine eventually staked its entire ETH treasury at the same estimated yield and Ethereum price, the company calculated that annualized staking revenue could rise to around <strong>$287 million<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The actual amount could be significantly higher or lower depending on ETH prices and staking yields.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Staking Matters to BitMine&#8217;s Strategy<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Holding Ethereum gives BitMine exposure to changes in ETH&#8217;s market price.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Staking potentially adds another source of return.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Instead of keeping its entire Ethereum position idle, BitMine can use a large portion of its holdings to participate in Ethereum&#8217;s Proof-of-Stake network and receive validator rewards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This creates a treasury model that differs from simply buying and holding crypto.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, staking also introduces additional variables.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Returns fluctuate, and operational performance, validator conditions and Ethereum network changes can all influence results.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The dollar value of staking revenue is also directly affected by Ethereum&#8217;s price.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">BitMine Also Repurchased 1.7 Million Shares<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Alongside its Ethereum purchases, BitMine has continued buying back its own stock.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company repurchased approximately <strong>1.7 million common shares<\/strong> during the latest week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That pushed total repurchases since July 1 to more than <strong>20.8 million shares<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Earlier this year, BitMine&#8217;s board substantially increased its share-repurchase authorization.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The program was expanded from $1 million to as much as <strong>$4 billion<\/strong> in April.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A repurchase authorization does not mean the company is required to spend the full amount. It simply establishes the maximum amount management is currently permitted to use under the program.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Much Could the Latest Buyback Be Worth?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">BitMine did not disclose the average purchase price of the 1.7 million shares acquired during the week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At Monday&#8217;s closing price of $18.73, however, those shares would have a market value of approximately <strong>$31.8 million<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That is only an estimate based on the closing share price and does not represent BitMine&#8217;s actual spending.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Share repurchases can potentially benefit existing shareholders by reducing the number of shares outstanding.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, that effect depends on what the company ultimately does with the purchased stock.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Future share issuance, preferred-stock conversions or other equity transactions could also offset part of the reduction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">BitMine Reports an $11.4 Billion Portfolio<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">BitMine reported that its combined cryptocurrency holdings, cash, marketable securities and other investments were worth approximately <strong>$11.4 billion<\/strong> as of Aug. 16.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ethereum makes up the overwhelming majority of that amount.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the company also reported holding <strong>210 Bitcoin<\/strong>, along with approximately <strong>$78 million in cash and marketable securities<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BitMine has also made investments outside its primary crypto treasury.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The portfolio includes a reported $180 million position in Beast Industries and a $73 million stake in Nasdaq-listed Eightco Holdings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BitMine refers to these investments as its &#8220;moonshots.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ethereum Price Remains Critical to BitMine&#8217;s Valuation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">BitMine&#8217;s large ETH position means its financial picture is heavily influenced by Ethereum&#8217;s market price.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the reference price of $1,893, the company&#8217;s ETH holdings are valued at roughly $11 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But cryptocurrency prices can move quickly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A significant rise in Ethereum could increase the market value of BitMine&#8217;s treasury substantially.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A sharp ETH decline would have the opposite effect.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This means BMNR investors are not only evaluating BitMine as a traditional operating company. They are also gaining indirect exposure to one of the world&#8217;s largest corporate Ethereum holdings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That relationship could contribute to continued volatility in BMNR shares.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Comes Next for BitMine?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Investors will now be watching whether BitMine continues buying Ethereum as it approaches its 5% supply target.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the current reported level, the company needs roughly another 219,836 ETH to reach its goal, assuming Ethereum&#8217;s estimated supply remains unchanged.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Future weekly updates could reveal whether BitMine accelerates purchases again or approaches the target more gradually.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Staking will also remain important.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With more than 5 million ETH already staked, changes in Ethereum staking yields could have a meaningful impact on the company&#8217;s projected revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investors will also be watching upcoming SEC disclosures for additional information about BitMine&#8217;s stock repurchases, asset valuations and capital strategy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For now, BitMine continues to pursue three major objectives at the same time: <strong>accumulating Ethereum, generating staking rewards and repurchasing BMNR shares<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The latest 9,926 ETH addition may be smaller than some previous purchases, but it brings the company another step closer to controlling 5% of Ethereum&#8217;s estimated supply.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Disclaimer:<\/strong> This article is for informational and educational purposes only and does not constitute financial or investment advice. Cryptocurrency and equity prices can be highly volatile.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies has continued expanding its Ethereum treasury, adding another 9,926 ETH during the week ending Aug. 16. The latest purchase pushed the company&#8217;s reported Ethereum holdings to 5,815,164 ETH, bringing BitMine closer to its ambitious goal of owning 5% of Ethereum&#8217;s total supply. The announcement also came alongside positive movement in BitMine&#8217;s stock&#8230;.<\/p>\n","protected":false},"author":3,"featured_media":16090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[1442],"class_list":["post-16089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-bitmine"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BitMine Adds 9,926 ETH as BMNR Stock Gains 3.7% - Crypto News<\/title>\n<meta name=\"description\" content=\"BitMine adds 9,926 ETH, lifting its Ethereum holdings to 5.82 million tokens as BMNR stock gains 3.7% and the company moves closer to its 5% ETH supply target.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonewsdesk.com\/index.php\/2026\/08\/18\/bitmine-adds-9926-eth-as-bmnr-stock-gains-3-7\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitMine Adds 9,926 ETH as BMNR Stock Gains 3.7% - 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