QETHvsBMNR
Invesco Galaxy 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.
QETH
Invesco Galaxy Ethereum ETF
🇺🇸 US
8,992 ETH
$16.8M market value
BMNR
BitMine Immersion Technologies
🇺🇸 US
5,770,038 ETH
$10.8B market value
Metric
QETH
BMNR
ETH holdings
8,992 ETH
5,770,038 ETH
Market value of ETH
$16.8M
$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+992 ETH$1.8M
- Jul 6, 2026+-230 ETH$414.5K
- Jun 8, 2026+303 ETH$500.0K
- Apr 20, 2026+518 ETH$1.2M
- Mar 31, 2026+335 ETH$891.8K
QETH vs BMNR: frequently asked
Which company holds more Ethereum, QETH or BMNR?▾
BitMine Immersion Technologies (BMNR) holds 5,770,038 ETH, compared to Invesco Galaxy Ethereum ETF's (QETH) 8,992 ETH — roughly 641.7× more.
What's the total Ethereum value on the balance sheets of QETH and BMNR?▾
QETH holds $16.8M worth of Ethereum at current market prices. BMNR holds $10.8B.
Who has a lower cost basis per ETH, QETH or BMNR?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did QETH last buy Ethereum?▾
QETH disclosed a 992 ETH purchase on July 10, 2026.
When did BMNR last buy Ethereum?▾
BMNR disclosed a 27,801 ETH purchase on July 12, 2026.