BitMine Immersion Applied sciences (BMNR) purchased 27,562 Ethereum (ETH) over the week to September 20 and reported mixed crypto, money, and moonshot holdings of $17.1 billion in a press launch and 8-Okay filed September 21.
Whole holdings rose $1.3 billion from the $15.8 billion BitMine reported every week earlier, when it added 27,180 ETH. The corporate marked its Ether at $2,688 per token, per Coinbase, up from $2,513 every week earlier. That mark places the week’s purchases at roughly $74 million, with the treasury at 5,983,940 ETH.
Staked Whole Flat Since Late August
BitMine Chairman Thomas “Tom” Lee acknowledged the corporate “has purchased ETH every week for the reason that inception of its ETH Treasury Technique on June 30, 2025,” a observe file he referred to as “unmatched by any public firm on the earth.” The tempo has swung this 12 months; one July buy fell to 7,430 ETH, down from greater than 30,500, a slowdown Lee tied to share buybacks.
Holdings equal 4.9% of the 122.1 million ETH in provide, and BitMine places itself 98% of the way in which to its goal of proudly owning 5% of all ETH, the plan it calls the Alchemy of 5%, 15 months after the technique started.
BitMine stakes 5,067,309 ETH, value $13.6 billion at its mark and 85% of the treasury, by MAVAN, its Made in America Validator Community. The staked rely has held there for 5 consecutive weekly updates, even because the token complete saved climbing.
Lee put projected annualized staking income at $357 million, up from $334 million every week earlier, rising to $421 million as soon as the ether is absolutely staked, on a 2.62% seven-day yield.
Lee Sees Stronger Fourth Quarter
“We imagine a crypto bull market is underway, having began in late June,” Lee stated, citing “the rotation from AI again to crypto.”
He put Ether’s quarter-to-date lead over the S&P 500 at 6,519 foundation factors, referred to as the run “a prelude to a probably stronger up transfer within the 4th quarter of 2026,” and stated the corporate expects establishments “to considerably enhance their publicity within the ultimate 3 months of 2026.”
Money and marketable securities rose to $714 million from $549 million every week earlier. The discharge gave no purpose for the rise. Alongside the ether, BitMine held 212 Bitcoin (BTC), a $180 million stake in Beast Industries and a $105 million place in Eightco Holdings (ORBS), up from $98 million.
BMNR traded $1.2 billion in common day by day greenback quantity over the 5 days to September 18, rating a hundredth of 5,704 US-listed shares, in line with Fundstrat, Lee’s analysis agency. The discharge ranks BitMine first amongst ether treasuries and second amongst crypto treasuries total, behind Technique (MSTR), which the discharge stated owns 845,080 Bitcoin value about $75 billion.
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