Bitmine acquired 28,086 ETH over the past week, bringing its holdings to 5,929,198 ETH, or 4.9% of the stated 122.0 million ETH supply. At $2,495 per ETH, the position was valued at about $14.8 billion, while the company’s combined crypto, cash, marketable securities and "moonshot" investments totaled $15.7 billion as of Sept. 7. Bitmine said 5,067,309 ETH, or 85% of its Ether holdings, was staked through its MAVAN platform and staking partners, with projected annualized staking revenue of $330 million based on a 2.61% seven-day annualized yield. The latest purchase was worth about $69.4 million at Tuesday’s Ether price of $2,472 and left Bitmine roughly 171,000 ETH short of its 5% supply target. The company has bought ETH every week since launching its treasury strategy on June 30, 2025. Tom DeMark of DeMark Analytics said technical indicators supported a renewed upside move after Ether traded sideways near $2,400 to $2,500 following its mid-August rally.