BMNR Expands Ethereum Holdings to 4.8%

BMNR has increased its Ethereum (ETH) holdings to 5.77 million, gaining attention in the digital asset market. Following the recent announcement of Ethereum staking rewards, BMNR's stock price rose approximately 11.5%, closing at $16.29. The company holds about 4.8% of the total Ethereum supply of 120.7 million, nearly achieving its target of 5%. Recently, BMNR added 27,801 ETH to its holdings, bringing the total to over 5.77 million. At an Ethereum price of $1,820, this amounts to between $10.5 billion and $11.3 billion. Approximately 85% of this is staked through the MAVAN platform, with quarterly staking rewards expected to reach $45.7 million. BMNR's stock is currently trading at $15.44, down about 78% from its 52-week high. Analysts have set a target price of $25 to $30, and BMNR has been included in the Russell 1000 index in 2026, improving accessibility for institutional investors. BMNR's financial assets include 206 Bitcoins and $180 million in Beast Industries stock. The company aims to secure 5% of the total Ethereum supply, with a strong likelihood of achieving this goal within the next 12 months.

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