BitMine Immersion Technologies held 5,929,198 ETH as of September 7, 2026, after buying 28,086 ETH for about $70 million in its latest reported weekly purchase. The company’s Ethereum treasury, which stood at 163,000 tokens a year earlier, was valued at about $14.8 billion at an ETH reference price of $2,495 and represented 4.9% of the reported 122 million-token supply. BitMine reported total crypto assets, cash, marketable securities and strategic investments of $15.7 billion. A recent 8-K disclosed that BitMine ended a 10-year staking agreement with Ethereum Tower that included a revenue-sharing charge tied to net staking income. It replaced that arrangement with an agreement with American Validator, an Ethereum Tower affiliate, under which the fee is 1.50% of staking rewards on BitMine’s staked ETH. About 5.07 million ETH, or 85% of BitMine’s holdings, was staked as of September 7 through its MAVAN platform and partners. BMNR shares rose from about $18 in mid-August to nearly $27.50 before retreating to $24.48. The source described the relative strength index as near neutral after previously reaching overbought levels, while the MACD had flattened.