BitMine adds $214M in Ethereum treasury to $9.3B and upsizes 9.5% dividend shares
BMNR•BitMine purchased 126,971 ETH (~$214M), boosting its treasury to 5.54M ETH valued at $9.3B, with 85% staked via its MAVAN network. It upsized its preferred share offering to 3.5M shares at $80 apiece, aiming to raise $274M for future Ethereum acquisitions.
1. Major ETH Acquisition
Last week, BitMine purchased 126,971 ETH for approximately $214 million, marking its largest ETH-denominated acquisition of 2026. Management cited the discovery of a vulnerability in the Zcash privacy protocol and sees these developments as strengthening Ethereum’s use case.
2. Expanded Treasury and Staking Operations
The firm’s treasury now holds 5,543,872 ETH valued at about $9.3 billion, with 85% staked through its Made-in-America Validator Network. This staking allocation is projected to generate roughly $230 million in annual revenue.
3. Preferred Share Offering to Fund Growth
BitMine upsized its preferred share offering to 3.5 million shares at $80 each, targeting net proceeds of $274 million. The raised capital will be deployed toward additional Ethereum acquisitions and other strategic initiatives.
