ETHWvsBMNR
Bitwise Ethereum ETF vs BitMine Immersion Technologies
Side-by-side Ethereum treasury comparison: holdings, market cap, mNAV ratio, cost basis, and recent purchases. Numbers refresh every 5 minutes from SEC filings and live market data.
ETHW
Bitwise Ethereum ETF
🇺🇸 US
106,117 ETH
$198.4M market value
BMNR
BitMine Immersion Technologies
🇺🇸 US
5,770,038 ETH
$10.8B market value
Metric
ETHW
BMNR
ETH holdings
106,117 ETH
5,770,038 ETH
Market value of ETH
$198.4M
$10.8B
Average cost per ETH
—
$3,053.38
Total cost basis
—
$17.5B
mNAV (market cap ÷ ETH value)
—
0.77×
Last disclosed purchase
Jul 10, 2026
Jul 12, 2026
- Jul 10, 2026+3,931 ETH$7.1M
- Jul 9, 2026+-1,562 ETH$2.8M
- Jul 7, 2026+-4,530 ETH$8.0M
- Jul 1, 2026+-735 ETH$1.2M
- Jun 30, 2026+-4,369 ETH$6.8M
ETHW vs BMNR: frequently asked
Which company holds more Ethereum, ETHW or BMNR?▾
BitMine Immersion Technologies (BMNR) holds 5,770,038 ETH, compared to Bitwise Ethereum ETF's (ETHW) 106,117 ETH — roughly 54.4× more.
What's the total Ethereum value on the balance sheets of ETHW and BMNR?▾
ETHW holds $198.4M worth of Ethereum at current market prices. BMNR holds $10.8B.
Who has a lower cost basis per ETH, ETHW or BMNR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did ETHW last buy Ethereum?▾
ETHW disclosed a 3,931 ETH purchase on July 10, 2026.
When did BMNR last buy Ethereum?▾
BMNR disclosed a 27,801 ETH purchase on July 12, 2026.