ETHEvsBMNR
Grayscale Ethereum Trust 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.
ETHE
Grayscale Ethereum Trust
🇺🇸 US
771,871 ETH
$1.5B market value
BMNR
BitMine Immersion Technologies
🇺🇸 US
5,770,038 ETH
$10.8B market value
Metric
ETHE
BMNR
ETH holdings
771,871 ETH
5,770,038 ETH
Market value of ETH
$1.5B
$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 13, 2026
Jul 12, 2026
- Jul 13, 2026+-124 ETH$217.6K
- Jul 10, 2026+-19 ETH$33.8K
- Jul 9, 2026+-18 ETH$31.3K
- Jul 8, 2026+-18 ETH$30.6K
- Jul 7, 2026+-1,079 ETH$1.9M
ETHE vs BMNR: frequently asked
Which company holds more Ethereum, ETHE or BMNR?▾
BitMine Immersion Technologies (BMNR) holds 5,770,038 ETH, compared to Grayscale Ethereum Trust's (ETHE) 771,871 ETH — roughly 7.5× more.
What's the total Ethereum value on the balance sheets of ETHE and BMNR?▾
ETHE holds $1.5B worth of Ethereum at current market prices. BMNR holds $10.8B.
Who has a lower cost basis per ETH, ETHE or BMNR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did ETHE last buy Ethereum?▾
ETHE disclosed a -124 ETH purchase on July 13, 2026.
When did BMNR last buy Ethereum?▾
BMNR disclosed a 27,801 ETH purchase on July 12, 2026.