BitMine Acquires 60,999 ETH, Shares Jump as Company’s ETH Treasury Nears 4.53M and Cash Tops $1.2B

BitMine disclosed a purchase of 60,999 ETH last week, and its stock jumped in premarket trading following the announcement, with headlines reporting gains of roughly 8–9% for BMNR shares ^{[1] [2] [3]}.

Published tallies of BitMine’s ETH treasury differ across reports: one outlet cites roughly 4.6 million ETH, another reports about 4.596 million ETH (≈3.81% of supply), while an SEC-linked Exhibit 99.1 showed 4,534,563 ETH as of March 8 — a variance that reflects differing reporting dates and rounding ^{[1] [4] [5]}.

BitMine said portions of its holdings are staked — one report lists 3,040,515 staked ETH — and company disclosures and coverage put combined crypto, cash and other assets in the roughly $10–11.5 billion range, with reported liquid cash of about $1.2 billion ^{[2] [1] [4]}.

The company’s staking infrastructure was reported to generate about $180 million annually today, with projections up to $272 million at full deployment, and BitMine has publicly stated an ambition to acquire as much as 5% of Ethereum’s supply while advancing its MAVAN validator network ^{[1] [6] [2]}.

Observers note that figures vary by source and date; the SEC-hosted filings cited in coverage provide the most granular snapshot but do not eliminate timing and rounding differences across reports ^[5].