{"id":35572,"date":"2026-07-27T16:01:17","date_gmt":"2026-07-27T16:01:17","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bmnr-stock-rises-over-10-as-bitmine-adds-9946-eth\/"},"modified":"2026-07-27T16:01:36","modified_gmt":"2026-07-27T16:01:36","slug":"bmnr-stock-rises-over-10-as-bitmine-adds-9946-eth","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bmnr-stock-rises-over-10-as-bitmine-adds-9946-eth\/","title":{"rendered":"BMNR stock rises over 10% as BitMine adds 9,946 ETH"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BitMine Immersion Technologies expanded its Ethereum treasury and accelerated its share buybacks last week, while BMNR stock jumped nearly 11% on Monday as ETH reclaimed $1,900.<\/p>\n<div id=\"cn-block-summary-block_c6c60a3f56b0571ee9530cf2eeb61945\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li><strong>BitMine acquired 9,946 ETH<\/strong>, raising its total holdings to 5.79 million ETH.<\/li>\n<li>The company now controls <strong>4.8% of Ethereum\u2019s total supply<\/strong>, nearing its 5% threshold.<\/li>\n<li>BitMine repurchased <strong>6.1 million BMNR shares<\/strong>, bringing total buybacks to 11.6 million.<\/li>\n<li><strong>BMNR gained 10.89% to $17.51<\/strong>, but still faces resistance near its 100-day average.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">BitMine adds 9,946 ETH to its treasury<\/h2>\n<p>BitMine <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-79-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-8-billion-302834876.html\" target=\"_blank\" rel=\"nofollow\">disclosed<\/a> Monday that it purchased 9,946 ETH during the previous week, extending a weekly buying streak that began at the start of 2026.<\/p>\n<p>The latest acquisition increased the company\u2019s holdings to 5,787,414 ETH, equivalent to approximately 4.8% of Ethereum\u2019s total supply. That puts BitMine close to its stated goal of owning 5% of all ETH in circulation.<\/p>\n<p>The purchase also marked an increase from the prior week, when the company acquired 7,430 ETH. BitMine\u2019s latest addition came as Ethereum recovered above $1,900 and reached its highest price in ten weeks.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Most of the company\u2019s ETH is generating staking rewards. BitMine has staked 4,917,189 ETH, worth around $9.6 billion and representing about 85% of its total Ethereum holdings.<\/p>\n<p>Staking allows BitMine to earn network rewards on its treasury assets, although the strategy also leaves its valuation heavily exposed to changes in the ETH price.<\/p>\n<h2 class=\"wp-block-heading\">Share repurchases rise as ETH\/BTC ratio strengthens<\/h2>\n<p>BitMine also bought back 6.1 million of its own shares last week, up from the 5.5 million shares repurchased during the previous week.<\/p>\n<p>The latest transaction brought cumulative purchases under its $4 billion repurchase program to 11.6 million shares. Chairman Tom Lee linked the larger buyback to the recent improvement in the ETH-to-Bitcoin ratio, which measures Ethereum\u2019s relative performance against BTC.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn fact, this ratio is now at a 3-month high at 0.3000, which we believe bodes well for future strengthening of ETH prices.\u201d<\/p>\n<\/blockquote>\n<p>Lee added that Ethereum\u2019s next notable price levels could be $2,000 and $2,500, citing targets identified by technical strategists. He also referenced BitMine adviser Tom DeMark, who sees those levels as possible near-term targets if Ethereum continues to follow its comparison with the S&amp;P 500 after October 1987.<\/p>\n<p>Those projections remain dependent on Ethereum maintaining its recovery. A renewed crypto market decline would affect both the value of BitMine\u2019s treasury and investor demand for BMNR.<\/p>\n<h2 class=\"wp-block-heading\">BMNR stock tests resistance after 10.89% gain<\/h2>\n<p>BMNR closed at $17.51 on July 27, gaining 10.89% during the session after trading between $16.67 and $18.02, according to the TradingView daily chart.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Bitmine price daily chart | Source: TradingView<\/figcaption><\/figure>\n<p>The stock has remained above a rising support trendline drawn from its late-June low. It also closed above the 20-day simple moving average at $15.49 and the 50-day average at $16.59, showing an improving short-term structure.<\/p>\n<p>However, BMNR remains below its 100-day average at $18.95. A sustained move above that level could strengthen the recovery and expose the $20 area, while the 200-day average remains much higher at $26.13.<\/p>\n<p>The average directional index stands at 17.22. An ADX reading below 20 suggests the rebound has not yet developed into a strong directional trend, leaving the stock vulnerable to further consolidation.<\/p>\n<h2 class=\"wp-block-heading\">What the move means for US investors<\/h2>\n<p>BitMine gives US equity investors indirect exposure to Ethereum through a publicly traded stock, but BMNR also carries company-specific risks that direct ETH holders do not face. Its performance depends on Ethereum prices, staking income, treasury management, and the effect of share repurchases on its capital structure.<\/p>\n<p>Institutional interest has also increased. As crypto.news reported last week, Cathie Wood\u2019s ARK Invest purchased 5,264 BMNR shares through its flagship ARK Innovation ETF. ARK allocated about $251,500 across BitMine shares and the 3iQ Solana Staking ETF through three funds.<\/p>\n<p>BitMine\u2019s next key milestones are reaching the 5% ETH supply threshold and clearing the $18.95 technical resistance level. Progress on either front could shape whether BMNR extends its rebound or returns to its recent trading range.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies expanded its Ethereum treasury and accelerated its share buybacks last week, while BMNR stock jumped nearly 11% on Monday as ETH reclaimed $1,900. Summary BitMine acquired 9,946&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-35572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/35572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=35572"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/35572\/revisions"}],"predecessor-version":[{"id":35573,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/35572\/revisions\/35573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/31964"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=35572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=35572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=35572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}