Bitmine (BMNR) Stock: Company Approaches Historic 5% Ethereum Supply Milestone with Latest $68M Purchase

Key Takeaways The company acquired 27,180 ETH in the past week, representing approximately $68 million in value, increasing its total position to 5.96 million ETH. Bitmine currently holds 4.9% of the entire Ethereum supply and requires about 144,000 additional ETH to achieve its 5% objective. According to Chairman Tom Lee, the ETH-BTC price relationship reached its strongest point since January 30, ending a multi-year downward pattern that began in 2022. The company has staked more than 5 million ETH via its MAVAN infrastructure, anticipating several hundred million dollars in yearly staking returns. Combined assets including digital currencies, cash reserves, and investment positions now reach $15.8 billion, with BMNR listed in the Russell 1000 index. Bitmine expanded its Ethereum position by 27,180 tokens over the previous week, representing a market value of approximately $68 million based on Monday’s ETH trading price just north of $2,500. BitMine Buys 27,180 ETH, Bringing Holdings to 5.96M ETH BitMine said it acquired 27,180 ETH over the past week, bringing its total holdings to 5.96 million ETH as of September 13. The position represents about 4.9% of Ethereum’s 122 million ETH supply, putting the company 98%… pic.twitter.com/r5oLTgiA9T — Wu Blockchain (@WuBlockchain) September 14, 2026 This latest acquisition elevates Bitmine’s complete ETH holdings to 5,956,378 tokens, moving the company closer to its stated 5% supply objective. Given Ethereum’s current circulating supply of approximately 122 million tokens, the organization requires roughly 144,000 additional ETH to surpass the 6.1 million token benchmark it has established. The firm has executed ETH acquisitions consistently on a weekly basis since initiating its Ethereum treasury approach in June 2025, with last week’s acquisition volume mirroring the previous week’s activity. Bitmine Immersion Technologies, Inc., BMNR According to a September 14 announcement, the organization’s aggregate cryptocurrency holdings, cash reserves, marketable securities, and speculative “moonshot” investments have reached $15.8 billion. This valuation is primarily driven by its 5.96 million ETH stake, priced at $2,513 per token as of September 13, alongside 212 BTC, equity positions in Beast Industries and Eightco, plus $549 million held in cash and marketable securities. Ethereum-Bitcoin Price Relationship Shifts Upward Tom Lee, Bitmine’s chairman and Fundstrat’s founder, identified several positive indicators for ETH as 2026 approaches its final quarter. He emphasized that the ETH-BTC valuation ratio reached its peak level since January 30 and successfully breached a declining trend line established in 2022. “The valuation ratio between ETH and BTC advanced to its strongest position since January 30th this year and confirmed a fresh upward trajectory,” Lee stated. He attributed this movement to Ethereum’s expanding function as foundational infrastructure for Wall Street’s tokenization initiatives and its prospective application in governing autonomous AI systems.