Live · BitMine · BMNR
BMNR vs the ETH behind it
mNAV = (Share count × BMNR) ÷ NAV. Below 1.00× the stock is cheaper than NAV. Above 1.00× it's trading at a premium.
mNAV
0.88×
Discount -11.6% vs the ETH in the company
(Share count × BMNR) ÷ NAV.
Value / share
$24.02
Stock
$21.24
ETH
$2,349
ETH held
6.05M
5.0% of supply
Company value
$15.01B
Stock value
$13.27B
ETH staked
84%
Staking / year
$311.90M
mNAV
1 Month · Daily Close
mNAV
0.884×
1M change
−0.098×
High
0.982×
Low
0.877×
1 Month · daily mNAV from Yahoo closes · 22 days
ETH per share
1 Month · ETH / Share
ETH / share
0.00969
1M change
+0.00011
High
0.00969
Low
0.00958
1 Month · treasury ETH ÷ estimated shares · 22 days
Shares vs ETH
All Time · Outstanding · Treasury
Shares
624.8M
Shares All
+189.2M
ETH
6.05M ETH
ETH All
+1.94M ETH
All Time · green shares · white ETH · tap a series to hide it · 45 marks
Staking
1 Week · Annual Run-Rate
Total
$311.90M
Growth
-3.6%
Staked
5.07M ETH
7d yield
2.62%
1 Week · 7-day yield × staked ETH × ETH price · 6 days
ETH vs BMNR
1 Week · % Change
BMNR
$21.24
BMNR 7d
−6.9%
ETH
$2,349
ETH 7d
−4.0%
1 Week · % from the first day · green BMNR · white ETH · 7 days
ETH / BTC
1 Week · Ratio
Ratio
0.0292
1W change
−0.0003
High
0.0295
Low
0.0290
1 Week · ETH ÷ BTC · daily closes · 8 days
Price targets
What BMNR is worth at each ETH price.
Pick an ETH price and an mNAV. The grid shows the implied stock price. Free unlocks two columns. Prime unlocks the rest.
| ETH / mNAV | 0.75× | 0.90× | 1.00× | 1.10× | 1.25× | 1.50× | 1.75× | 2.00× |
|---|---|---|---|---|---|---|---|---|
| $2,000 | — | — | $20.63 | — | $25.79 | — | — | — |
| $2,500 | — | — | $25.48 | — | $31.84 | — | — | — |
| $3,000 | — | — | $30.32 | — | $37.90 | — | — | — |
| $3,500 | — | — | $35.16 | — | $43.95 | — | — | — |
| $4,000 | — | — | $40.00 | — | $50.01 | — | — | — |
| $4,500 | — | — | $44.85 | — | $56.06 | — | — | — |
| $5,000 | — | — | $49.69 | — | $62.11 | — | — | — |
| $6,000 | — | — | $59.38 | — | $74.22 | — | — | — |
| $8,000 | — | — | $78.75 | — | $98.44 | — | — | — |
| $10,000 | — | — | $98.12 | — | $122.65 | — | — | — |
Prime
Full grid, your shares, the long chart.
- My shares. Lots, value, ETH behind them, yield.
- ATM Lab. New stock sold to buy ETH — accretive or not.
- Alerts. mNAV at 1.00× or ETH at your number.
$3 / month · $30 / year
Path to 5% of ETH
4.96%
53.1k ETH remaining to 6.11M ETH. Last reported week: +10,452.
Staked ETH
5.07M ETH
via MAVAN + partners
Yield / share
$0.50
annualized
Notes
This week’s read.
Weekly Highlight · Oct 2, 2026
OpenStarted 1.00. Closed 0.96. Don't move the goal to 10%.
mNAV slipped through the week. The 5% target is the one that was funded. 10% is a different stock.
Weekly Highlight · Sep 28, 2026
Open17,362 ETH from cash. Share count stays 626.4M.
They bought the coins and did not print new stock. Six million ETH. Alchemy is the finish line, not a new one.
Weekly Highlight · Sep 21, 2026
Open27,562 ETH and a $234M raise. 626.4M shares.
The buy was $69 million. Cash rose $165 million on top. Share count up 9.4 million.
Weekly Highlight · Sep 14, 2026
Open27,801 ETH. $23M raised. 616.99M shares.
Most of the buy came out of cash. A small raise still moved the share count.