{"id":49895,"date":"2026-08-24T19:10:59","date_gmt":"2026-08-24T19:10:59","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49895"},"modified":"2026-08-24T19:10:59","modified_gmt":"2026-08-24T19:10:59","slug":"ethers-rally-adds-3-5-billion-to-bitmines-balance-sheet-in-seven-days","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49895","title":{"rendered":"Ether’s rally adds $3.5 billion to BitMine’s balance sheet in seven days"},"content":{"rendered":"

Tom Lee\u2019s BitMine Immersion Technologies added 32,447 Ether last week. That takes its stash to 5,847,611 ETH, around 187,000 tokens shy of a 5% stake in Ethereum\u2019s supply.<\/strong><\/p>\n

BitMine is the largest corporate buyer of the asset. Ether logged its biggest weekly increase in over a year.<\/p>\n

BitMine buys 32,000 ETH a week toward the \u201cAlchemy of 5%\u201d<\/span><\/h3>\n

The amount of Ethereum in circulation is about 120.7 million tokens. That puts the 5% milestone at around 6.04 million ETH.<\/p>\n

BitMine\u2019s 5.85 million holdings account for about 4.84% of supply. The firm requires another 187,000 to cross the line Lee has branded the \u201cAlchemy of 5%.\u201d<\/p>\n

If the buying continues at a recent pace of about 32,000 ETH per week, that difference could close in a couple of months. The timeline stays subject to board discretion and market conditions.<\/p>\n

Lee\u2019s team has bought Ether every week, without a break, since it kicked off its Ethereum Treasury Strategy on June 30, 2025.<\/p>\n

Hitting the 5% target would hand BitMine<\/a> no say in the network. Owning 6.04 million ETH grants no control over Ethereum\u2019s transactions, upgrades, or governance.<\/p>\n

\n

BitMine provided its latest holdings update for August 24, 2026<\/p>\n

$14.9 billion in total crypto + \u201cmoonshots\u201d:
\n\u2013 5,847,611 ETH at $2,440 per ETH per ETH (per @coinbase<\/a>)
\n\u2013 210 Bitcoin (BTC)
\n\u2013 $180 million stake in Beast Industries @MrBeast<\/a>
\n\u2013 $89 million stake in Eightco Holdings\u2026<\/p>\n

\u2014 Bitmine (NYSE-BMNR) $ETH $BMNP (@BitMNR) August 24, 2026<\/a><\/p>\n<\/blockquote>\n

Ether\u2019s re-rating drives a $3.5 billion week<\/span><\/h3>\n

BitMine said<\/a> its total holdings of crypto, cash, and equity were $14.9 billion as of August 24, up from $11.4 billion a week earlier.<\/p>\n

Most of the $3.5 billion swing was due to a re-rating of Ether. The company pegged its ETH at a reference price of $2,440 from Coinbase, versus $1,893 a week ago.<\/p>\n

That price move, on some 5.85 million tokens, was responsible for most of the gain. Ether was trading just below $2,500, up 31.5% over seven days and outpacing a 24% advance for Bitcoin.<\/p>\n

\u201cThis is the largest weekly gain since May 2025; prior to that, it was July 2021,\u201d said Lee. \u201cIn those two precedent instances, this weekly gain of >30% signaled a launch point for a larger move in ETH.\u201d<\/p>\n

BitMine\u2019s balance sheet carries 210 Bitcoin, a $180 million stake in MrBeast\u2019s Beast Industries, and an $89 million position in Eightco Holdings, which trades on the Nasdaq under the ticker ORBS.<\/p>\n

The last two investments are the ones the company calls its \u201cmoonshot\u201d bets. Cash and marketable securities surged to $308 million from $78 million a week earlier.<\/p>\n

The firm finances a portion of its weekly buying with a Series A Perpetual Preferred traded on the NYSE as BMNP. It pays a 9.50% coupon in weekly cash dividends.<\/p>\n

On June 10, 2026, BitMine priced it at $80 a share, raising about $273.8 million. Backers listed by the company include Cathie Wood\u2019s ARK Invest, Founders Fund, Pantera Capital, Kraken, and Galaxy Digital.<\/p>\n

BMNR was trading near 52-week lows, Cryptopolitan reported<\/a> on July 13. The stock\u2019s market value was less than the value of the company\u2019s Ether.<\/p>\n

It had an unrealized loss of about $9 billion with an average cost of around $3,997 per token. That report also noted that BitMine\u2019s weekly buys were slowing at the time, from 42,197 ETH to 27,801 in a week.<\/p>\n

The smartest crypto minds already read our newsletter. Want in? Join them<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Tom Lee\u2019s BitMine Immersion Technologies added 32,447 Ether last week. That takes its stash to 5,847,611 ETH, around 187,000 tokens shy of a 5% stake in Ethereum\u2019s supply. BitMine is the largest corporate buyer of the asset. Ether logged its biggest weekly increase in over a year. BitMine buys 32,000 ETH a week toward the […]<\/p>\n","protected":false},"author":1,"featured_media":49896,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-49895","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nEther's rally adds $3.5 billion to BitMine's balance sheet in seven days - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49895\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ether's rally adds $3.5 billion to BitMine's balance sheet in seven days - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Tom Lee\u2019s BitMine Immersion Technologies added 32,447 Ether last week. That takes its stash to 5,847,611 ETH, around 187,000 tokens shy of a 5% stake in Ethereum\u2019s supply. BitMine is the largest corporate buyer of the asset. Ether logged its biggest weekly increase in over a year. BitMine buys 32,000 ETH a week toward the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=49895\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-24T19:10:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptomag.finance\/wp-content\/uploads\/2025\/06\/generic-crypto-image.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49895#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49895\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Ether’s rally adds $3.5 billion to BitMine’s balance sheet in seven days\",\"datePublished\":\"2026-08-24T19:10:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49895\"},\"wordCount\":533,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49895#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/bitmine-187000-eth-short-of-5-percent-ec9nU5.png\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49895\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49895\",\"name\":\"Ether's rally adds $3.5 billion to BitMine's balance sheet in seven days - Cryptomag\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49895#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49895#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/bitmine-187000-eth-short-of-5-percent-ec9nU5.png\",\"datePublished\":\"2026-08-24T19:10:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49895#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptomag.finance\\\/?p=49895\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49895#primaryimage\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/bitmine-187000-eth-short-of-5-percent-ec9nU5.png\",\"contentUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/bitmine-187000-eth-short-of-5-percent-ec9nU5.png\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49895#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptomag.finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ether’s rally adds $3.5 billion to BitMine’s balance sheet in seven days\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/\",\"name\":\"Cryptomag\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptomag.finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\",\"name\":\"Crypto Magazine\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"caption\":\"Crypto Magazine\"},\"sameAs\":[\"https:\\\/\\\/cryptomag.finance\",\"https:\\\/\\\/x.com\\\/cryptomagz\"],\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ether's rally adds $3.5 billion to BitMine's balance sheet in seven days - Cryptomag","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptomag.finance\/?p=49895","og_locale":"en_US","og_type":"article","og_title":"Ether's rally adds $3.5 billion to BitMine's balance sheet in seven days - Cryptomag","og_description":"Tom Lee\u2019s BitMine Immersion Technologies added 32,447 Ether last week. That takes its stash to 5,847,611 ETH, around 187,000 tokens shy of a 5% stake in Ethereum\u2019s supply. BitMine is the largest corporate buyer of the asset. Ether logged its biggest weekly increase in over a year. BitMine buys 32,000 ETH a week toward the […]","og_url":"https:\/\/cryptomag.finance\/?p=49895","og_site_name":"Cryptomag","article_published_time":"2026-08-24T19:10:59+00:00","og_image":[{"width":1000,"height":560,"url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/2025\/06\/generic-crypto-image.webp","type":"image\/webp"}],"author":"Crypto Magazine","twitter_card":"summary_large_image","twitter_creator":"@cryptomagz","twitter_site":"@cryptomagz","twitter_misc":{"Written by":"Crypto Magazine","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptomag.finance\/?p=49895#article","isPartOf":{"@id":"https:\/\/cryptomag.finance\/?p=49895"},"author":{"name":"Crypto Magazine","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"headline":"Ether’s rally adds $3.5 billion to BitMine’s balance sheet in seven days","datePublished":"2026-08-24T19:10:59+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=49895"},"wordCount":533,"image":{"@id":"https:\/\/cryptomag.finance\/?p=49895#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/bitmine-187000-eth-short-of-5-percent-ec9nU5.png","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptomag.finance\/?p=49895","url":"https:\/\/cryptomag.finance\/?p=49895","name":"Ether's rally adds $3.5 billion to BitMine's balance sheet in seven days - Cryptomag","isPartOf":{"@id":"https:\/\/cryptomag.finance\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=49895#primaryimage"},"image":{"@id":"https:\/\/cryptomag.finance\/?p=49895#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/bitmine-187000-eth-short-of-5-percent-ec9nU5.png","datePublished":"2026-08-24T19:10:59+00:00","author":{"@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"breadcrumb":{"@id":"https:\/\/cryptomag.finance\/?p=49895#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptomag.finance\/?p=49895"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptomag.finance\/?p=49895#primaryimage","url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/bitmine-187000-eth-short-of-5-percent-ec9nU5.png","contentUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/bitmine-187000-eth-short-of-5-percent-ec9nU5.png","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/cryptomag.finance\/?p=49895#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptomag.finance\/"},{"@type":"ListItem","position":2,"name":"Ether’s rally adds $3.5 billion to BitMine’s balance sheet in seven days"}]},{"@type":"WebSite","@id":"https:\/\/cryptomag.finance\/#website","url":"https:\/\/cryptomag.finance\/","name":"Cryptomag","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptomag.finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040","name":"Crypto Magazine","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","caption":"Crypto Magazine"},"sameAs":["https:\/\/cryptomag.finance","https:\/\/x.com\/cryptomagz"],"url":"https:\/\/cryptomag.finance\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/49895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49895"}],"version-history":[{"count":0,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/49895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/media\/49896"}],"wp:attachment":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}