BitMine Shares Rise 7% Following Purchase of 32,447 Ethereum Tokens

Key Insights:

• BMNR stock price gained 7.10% following the expansion of BitMine’s ETH as its native asset.">Ethereum treasury.
• BitMine currently owns 5,847,611 ETH, accounting for approximately 4.8% of the total supply of ETH as its native asset.">Ethereum.
• The firm has stake network in return for yield.">staked 5,067,309 ETH, generating an estimated annualized revenue of $330 million.

Shares of BMNR climbed 7.10% to reach $24.45 after BitMine Immersion Technologies grew its Ethereum treasury over the course of the past week. By purchasing an additional 32,447 ETH, the company brought its aggregate holdings up to 5,847,611 tokens.

This sizeable reserve makes up about 4.8% of the entire 120.7 million Ethereum supply. Furthermore, the official disclosure outlined BitMine’s liquid assets, staking balance, alternative investments, and overall asset valuation.

BitMine Expands Its Ethereum Position

In an August 24, 2026 press release, BitMine evaluated its Ether holdings using a Coinbase reference price of $2,440. Calculated at this rate, the portfolio held an approximate value of $14.27 billion.

As the price of BMNR drew market attention, BitMine reported that it has stake network in return for yield.">staked 5,067,309 ETH, which equates to roughly 87% of its cumulative Ether stash. The organization expects this staking activity to produce annualized revenues of approximately $330 million. As a result, the remaining 780,302 ETH—accounting for nearly 13% of the total reserve—remained unstaked.

Aside from its dominant Ethereum reserves, the firm retained 210 Bitcoin alongside two equity stakes. Notably, BitMine highlighted an investment valued at $180 million in Beast Industries, alongside an $89 million holding in Eightco Holdings, which operates under the ticker ORBS. The business categorized both of these holdings as moonshot investments.

Additionally, marketable securities and cash reserves reached $308 million. When combining cryptocurrencies, cash reserves, securities, and other holdings, the company’s total assets hit $14.9 billion as of August 23.

Tom Lee Compares ETH With Earlier Rallies

Alongside these treasury updates, BitMine Chairman Thomas Lee pointed out a 30% weekly jump for Ether, marking its biggest weekly percentage gain since May 2025. Prior to that instance, a similar rally took place back in July 2021.

Lee noted that Ether surged an additional 170% subsequent to the May 2025 surge, and climbed 167% following the July 2021 event. He pointed to loosening financial conditions as a primary driver helping fuel the wider recovery in crypto markets.

The recent upward momentum in Ethereum was attributed by Lee to strengthening crypto fundamentals, Wall Street tokenization trends, and agentic artificial intelligence. He also tied an enhanced risk appetite to government crypto backing and DAO controls and spends.">Treasury acquisitions of long-term bonds.

Lee additionally touched on historical ETH-to-Bitcoin ratios observed throughout past bull runs, explaining that higher utilization of Ethereum compared to Bitcoin bolstered the ratio during those specific periods.

While initial coin offerings propelled the 2017–2018 cycle, non-fungible tokens served as the main catalyst for the 2020–2021 window. Lee identified stablecoins as the primary market driver for 2025, while anticipating that agentic AI and tokenization will dictate market ratios in the cycle ahead.

BMNR Stock Price Holds Above $24

Following the release of these figures, BitMine shares opened near $22.90, dipping briefly to test support close to $22.83. Buyers then drove the BMNR stock price past $23.50 prior to breaking the $24.00 threshold. Higher trading volumes accompanied a pattern of rising highs and higher lows moving toward $24.90.

Even so, the equity pulled back after testing the $24.80–$25.00 interval. BMNR stock ultimately hovered above $24.20, with foundational support levels identified at $24.00 and $23.50, while overhead resistance lingered near $24.66 and $24.90.

Meanwhile, Ethereum changed hands at $2,461, trading inside a daily band spanning $2,425.59 to $2,529.69. ETH initially gravitated toward $2,480 before sliding under $2,440. Subsequent buying pressure pushed the token above $2,500, though selling interest near $2,530 triggered a reversal.

As a result, ETH pulled back toward the $2,460 region. Immediate support levels sit at $2,440 alongside the daily low of $2,426. Breaching this lower floor risks undermining the current short-term price structure.