Bitmine buys 15,112 ETH, lifting holdings to 6.02 million tokens

Bitmine Immersion Technologies bought 15,112 ETH last week, lifting its holdings to 6.02 million tokens. A Monday press release put Bitmine's exact holdings at 6,016,414 ETH, worth about $16.4 billion at $2,726 per token. The release said those holdings equal 4.9% of Ethereum's 122.1 million token supply. Last week's purchase was smaller than the 17,362 ETH bought the week before. Bitmine has bought ETH every week since launching its treasury strategy on June 30, 2025.

The update put Bitmine's total holdings across crypto, cash and marketable securities at $17.4 billion. The update listed 5.07 million staked ETH, worth $13.8 billion. The update projected staking revenue of $363 million a year. Bitmine needs roughly 89,000 more ETH to reach 5% of Ethereum's supply.

Chairman Tom Lee highlighted BMNR's resilience while crypto prices fell. ETH dropped 10% in the first nine months of 2026. BMNR slipped only 3% over that period. Lee credited what Lee described as the largest crypto treasury stock buyback on record, with Bitmine retiring 21 million shares this year. Lee said ETH's third-quarter performance exceeded the S&P 500 by roughly 68 percentage points, up from about 67 percentage points a week earlier. ETH achieved that outperformance despite a hawkish Federal Reserve, surging oil prices and rising global bond yields.

Lee is scheduled to deliver a 20-minute keynote at Token2049 in Singapore on October 7 at 10 a.m. at Marina Bay Sands. Bitmine will release its October Chairman's Message this week, titled "Crypto bull underway: this cycle likely the largest."

BMNR's price is at its 20-day exponential moving average of $25.84 and its Bollinger basis of $25.91, a zone that could determine the next move. BMNR's uptrend from July's low remains intact, with the price well above the 50-day, 100-day and 200-day exponential moving averages. BMNR's recent swing high of $28.20 is a resistance level. BMNR's 20-day exponential moving average of $25.84 is the first support level.