Bitmine Buys 15,112 ETH as BMNR Hits a Make-Or-Break Level

Bitmine Immersion Technologies ) bought 15,112 Ethereum last week, lifting its holdings to 6.02 million $ETH.

What the Latest Purchase Shows

According to a Monday press release, Bitmine now holds 6,016,414 $ETH, worth about $16.4 billion at $2,726 per token and equal to 4.9% of Ethereum’s 122.1 million supply.

Last week’s buy came in smaller than the 17,362 $ETH added the week before. Even so, Bitmine has bought $ETH every week since launching its treasury strategy on June 30, 2025.

Key figures from the update:

• Total holdings: $17.4 billion across crypto, cash and marketable securities
• Staked $ETH: 5.07 million tokens, worth $13.8 billion
• Projected staking revenue: $363 million a year
• Distance to 5% of supply: roughly 89,000 more $ETH

Why Lee Says Bitmine Beat the Bear Market

Chairman Tom Lee pointed to how the stock held up while crypto fell. In the first nine months of 2026, $ETH dropped 10% while BMNR slipped only 3%.

Lee credited the largest crypto treasury stock buyback on record, with Bitmine retiring 21 million shares this year.

Lee also highlighted $ETH’s third-quarter run, which beat the S&P 500 ) by roughly 68 percentage points, up from about 67 a week earlier.

$ETH gained that ground despite a hawkish Fed, surging oil and rising global bond yields.

What Comes Next for Bitmine

Lee takes the stage at Token2049 in Singapore on Oct. 7 at 10 a.m. for a 20-minute keynote at Marina Bay Sands.

Bitmine will also release its October Chairman’s Message this week, titled “Crypto bull underway: this cycle likely the largest.”

Where BMNR Stands Technically

Price sits right at the 20-day EMA of $25.84 and the Bollinger basis of $25.91, a decision zone for the next move.

The uptrend from July’s low stays intact, with price well above the 50-day, 100-day and 200-day EMAs.

Key levels for BMNR:

• $28.20: recent swing high, resistance above
• $25.84: 20-day EMA, first support

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