上市以太坊（Ethereum）資產公司 BitMine Immersion Technologies 上週新增 111,942 ETH，價值約 2.37 億美元，至其資產負債表，這也標誌著該公司的 2026 年最大一筆以 ETH 計價的採購。此次收購使 BitMine 的總持有量達到 5,390,404 ETH，價值約 114 億美元，當時以太坊交易價格接近 2,117 美元。BitMine 目前持有流通中的 ETH 代幣供給量超過 4.4%，並已接近達成其所述目標的 88%──即取得流通供應量的 5%。該里程碑，公司預期將在「某個時點於 2026 年」達成，依主席 Tom Lee 所述。此次採購反映出 BitMine 認為當前以太坊價格具備吸引力的切入點；此前 Lee 也表示，該公司將放慢其採購節奏，以避免過於迅速達到 5% 的目標。
Purchase Rationale
Tom Lee stated in a recent announcement: "We continue to expect a supercycle ahead for crypto and Ethereum, driven by the dual drivers of Wall Street tokenization and agentic-AI. And thus, we continue to steadily acquire ETH, with BitMine now owning nearly 5.4 million ETH tokens." Lee previously signaled the firm would slow its Ethereum purchase velocity; however, with ETH trading below $2,200, the firm determined this represented an attractive opportunity to add to its position.
Staking Operations and Revenue
Of BitMine's 5.39 million ETH holdings, more than 4.7 million ETH—valued at almost $10 billion—is being staked via the firm's industrial staking platform, the Made in America Validator Network (MAVAN). Based on current staking numbers, BitMine anticipates annualized staking revenues exceeding $276 million.
Stock Performance
Shares of BitMine (BMNR) have increased approximately 3.3% since market opening, trading recently at $19.51. At that price level, shares have declined nearly 12% over the past month and more than 38% over the past six months.
Russell 1000 Index Inclusion
BitMine expects a liquidity injection next month as it gains inclusion in the Russell 1000 index, which tracks the 1,000 largest companies in the United States. Ahead of this inclusion, Lee indicated that passive index funds and ETFs may generate a wave of automated demand for BMNR shares.
以太坊市場脈絡
以太坊在過去 24 小時下跌 2%，目前約以 2,078 美元交易。市值排名第二大的加密貨幣在過去一個月內已下跌超過 11%，且仍約比其 8 月創下的歷史最高點 4,946 美元低 58%。
