BMNR Stock Price Slips After Bitmine’s 27,180 ETH Purchase

Key Insights BMNR stock price remains a key focus as Bitmine expands its Ethereum treasury, with the company acquiring 27,180 ETH over the past week. Bitmine’s Ethereum holdings reached 5.96 million ETH, representing 4.9% of Ethereum’s total supply and putting the company roughly 122,000 ETH short of its 5% target. Ethereum price remains central to BMNR’s outlook, with ETH trading around the $2,500 level as investors assess whether the cryptocurrency can sustain a broader recovery. BMNR Stock price dipped on Sept. 14 despite Bitmine Immersion Technologies’ announcement that it acquired 27,180 ETH over the past week. In a press release dated Sept. 14, Bitmine said the purchase raised its Ethereum holdings to about 5.956 million coins, roughly 4.9% of the 122 million supply. The firm’s total crypto and cash portfolio, including “moonshot” investments, is valued at about $15.8 billion. Bitmine noted that roughly 5.07 million ETH (about 85% of its holdings) are staked in its MAVAN validator network, generating an annualized yield of over $330 million. Although Bitmine’s Chairman Tom Lee reiterated the goal of reaching “Alchemy of 5%” ownership, BMNR stock price fell on Monday. Bitmine (BMNR) Reaches 4.9% of ETH Supply Bitmine’s update confirmed that its ETH treasury stands just short of 6 million coins. At Coinbase’s prices around $2,513 per ETH on Sept. 13, the 5.956 million ETH holding alone was worth roughly $15 billion. In addition to ETH, Bitmine holds 212 Bitcoin and sizable equity stakes in companies like Beast Industries ($180 million) and Eightco (ORBS, $98 million), plus about $593 million in cash and marketable securities. The recent buy of 27,180 ETH (about $68 million) was part of a weekly accumulation strategy; Bitmine has bought ETH every week since late June 2025. At the new 4.9% level, the firm is only about 122,000 ETH away from its 5% target, the company said. BMNR Stock Price Reaction Despite the buying news, BMNR stock price briefly eased in U.S. trading. Google Finance data showed that Bitmine stock fell about 0.5% in early Monday trading. Bitmine (BMNR) Stock Price | Source: Google Finance Analysts attributed the dip to a broad decline in tech and crypto equities, even as Bitmine continued its accumulation plan. Tom Lee noted that BMNR stock price is still up roughly 99% since June 30, far outpacing a 3% gain in the Russell 1000 index. On trading forums, sentiment around BMNR was neutral, with analysts pointing out that Ethereum markets were largely flat around $2,490–$2,500 at the time. Ethereum Price Analysis Amid Bitmine’s Purchase Ethereum price holds near the mid-$2,400s ahead of U.S. inflation data and key technical levels. Amid Bitmine’s (BMNR) latest purchase, Ethereum price approached $2,510 on Sept. 14, up about 1.4% after opening at $2,477, and reached $2,535.