ETHMvsBMNR
The Ether Machine 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.
ETHM
The Ether Machine
🇺🇸 US
496,712 ETH
$791.1M market value
BMNR
BitMine Immersion Technologies
🇺🇸 US
5,416,901 ETH
$8.6B market value
Metric
ETHM
BMNR
ETH holdings
496,712 ETH
5,416,901 ETH
Market value of ETH
$791.1M
$8.6B
Average cost per ETH
—
$3,172.41
Total cost basis
—
$17.2B
mNAV (market cap ÷ ETH value)
—
0.99×
Last disclosed purchase
3/6/2026
6/1/2026
Country
🇺🇸 US
- 3/6/2026+0 ETH$197.1M
- 11/6/2025+0 ETH$197.1M
- 8/13/2025+0 ETH$197.1M
- 6/1/2026+26,497 ETH$0.00
- 5/26/2026+111,942 ETH$0.00
ETHM vs BMNR: frequently asked
Which company holds more Ethereum, ETHM or BMNR?▾
BitMine Immersion Technologies (BMNR) holds 5,416,901 ETH, compared to The Ether Machine's (ETHM) 496,712 ETH — roughly 10.9× more.
What's the total Ethereum value on the balance sheets of ETHM and BMNR?▾
ETHM holds $791.1M worth of Ethereum at current market prices. BMNR holds $8.6B.
Who has a lower cost basis per ETH, ETHM or BMNR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did ETHM last buy Ethereum?▾
ETHM disclosed a 0 ETH purchase on March 6, 2026.
When did BMNR last buy Ethereum?▾
BMNR disclosed a 26,497 ETH purchase on June 1, 2026.