Bitmine Stock Rises as ETH Holdings Top 6 Million Tokens

Points clés

• Bitmine stock traded higher on Oct. 5 after closing the prior session at $26.27.
• Bitmine reported 6,016,414 ETH, 214 Bitcoin and $643 million in liquid assets.
• The company valued total crypto, securities and cash holdings at $17.4 billion.

Bitmine stock traded higher on Oct. 5 after the company disclosed another Ethereum purchase and updated its treasury figures.

BMNR traded around $26.96 during the latest available morning reading, up about 2.6% from Friday’s $26.27 close. The stock had reached roughly $27.04 during that stage of the session.

The company separately reported $17.4 billion across cryptocurrency, cash, marketable securities and other investments.

Bitmine Stock Rises as Holdings Reach 6,016,414 ETH

Alongside the Bitmine stock price rise, the latest holdings update showed that Ethereum represented the largest reported cryptocurrency position. Bitmine held 6,016,414 ETH as of October 4.

The company valued those Ethereum holdings at $2,726 per ETH. The valuation used pricing from Coinbase, identified as COIN.

The company also held 214 Bitcoin at the reported time. In addition, it reported $643 million in cash and marketable securities.

The holdings update included two other investments classified by Bitmine as moonshots. Those investments included a $180 million stake in Beast Industries.

Bitmine also reported a $117 million stake in Eightco Holdings, which trades under the Nasdaq ticker ORBS. These holdings formed part of the company’s reported $17.4 billion total.

Le Ethereum position represented 4.9% of the ETH supply, based on a reported total supply of 122.1 million ETH. The company also disclosed another Ethereum purchase during the latest week.

Bitmine acquired 15,112 ETH over the past week, according to its latest update. Notably, the company reported weekly Ethereum purchases since launching its ETH Treasury Strategy on June 30, 2025.

Tom Lee Reports Performance Figures and Token2049 Schedule

The company’s latest update also included performance figures from Chairman Tom Lee. He reported that ETH declined 10% during the first nine months of 2026.

During the same period, Bitmine stock declined 3%, according to the reported figures. The difference between the two performances totaled 731 basis points.

Lee also reported that ETH outperformed the S&P 500 by 6,832 basis points during the third quarter of 2026. The reported period included several macroeconomic developments.

Those developments included a hawkish Federal Reserve, rising oil prices, higher global bond yields, and tighter financial conditions. The performance figures therefore covered a period with several cited market factors.

The company also reported that it acquired 21 million shares during 2026 through its equity buyback activity. As Bitmine described the transaction as the largest-ever crypto treasury equity buyback.

Meanwhile, Lee is scheduled to deliver a 20-minute keynote at Token2049 in Singapore. The event will take place at Marina Bay Sands on October 7 at 10 a.m.

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency holdings, stock prices and company valuations may change rapidly.

L’article Bitmine Stock Rises as ETH Holdings Top 6 Million Tokens est apparu en premier sur The Coin Republic.