BitMine buys ETH again this week. The company added 53,501 tokens to its treasury.
Total holdings now stand at 5,901,112 ETH as of August 30, 2026. This represents roughly 4.9% of Ethereum’s total supply.
Why BitMine buys ETH
BitMine has purchased ETH during each of the past 65 weeks. Chairman Tom Lee confirmed the buying streak. The strategy began on June 30, 2025. It has continued through every week since then.
“Over the past week, we acquired 53,501 ETH,” Lee said. The company has kept adding Ethereum throughout the full treasury strategy period.
BitMine also holds 211 Bitcoin. Other investments include stakes in Beast Industries and Eightco Holdings. Cash and marketable securities stood at $541 million.
Lee said Ethereum has outperformed other major macro assets this quarter. He also pointed to BTC and SOL as strong performers since June 30.
Staked ETH reaches 5.07 million tokens
BitMine has staked 5,067,309 ETH. This is valued near $12.7 billion at current market prices. It represents about 86% of the company’s total Ethereum holdings.
The company projects annualized staking revenue of around $335 million. This estimate is based on a seven-day annualized staking yield of 2.63%.
BitMine operates MAVAN, its institutional staking platform launched earlier in 2026. Part of the company’s ETH is already staked through that network.
Lee said projected staking rewards could reach $390 million annually. This assumes similar yield conditions across MAVAN and partner validators. More ETH must be fully deployed for this target.
Treasury value reaches $15.6 billion
BitMine’s wider balance sheet includes crypto assets and cash. It also holds listed securities and other strategic investments. The combined value reached $15.6 billion as of August 30.
The firm remains the largest Ethereum corporate treasury by reported holdings. Nevertheless, Michael Saylor’s Strategy still ranks ahead globally. Strategy has a larger total digital asset treasury value due to its Bitcoin position.
BitMine also remains heavily traded on U.S. markets. Average daily dollar trading volume reached about $1.36 billion over five sessions through August 29.
Lee expects institutional crypto buying to remain active through late 2026. He cited tokenization and agentic AI as themes driving Ethereum demand.
BMNR stock has recovered to trade near $23.97 at press time. It is up 0.71% on the day.
Ethereum price still faces $2,550 resistance
ETH continues to struggle below the $2,540 to $2,550 resistance zone. It trades near $2,453 after another failed attempt to break higher.
The price sits between the 50-week EMA near $2,374. It also sits below the 50-week SMA near $2,542. This keeps ETH inside a broader consolidation range.
Analyst Ted said a weekly reclaim above $2,550 could open the way toward $2,800. Nevertheless, failure to hold $2,370 could expose lower support around $2,180 to $2,220.
