BitMine surpasses 5 million ETH, nears 5% supply goal
6.7 Investments BitMine now holds over 5.078 million ETH—4.2% of supply—after a record weekly purchase. With 73% staked, it nears its 5% supply goal, signaling strong institutional confidence.
BitMine Immersion Technologies has rapidly expanded its Ethereum holdings, now surpassing 5.078 million ETH—about 4.2% of the total circulating supply. In the past week alone, BitMine acquired over 101,900 ETH, marking its largest weekly purchase this year and accelerating its accumulation strategy. The company’s ETH reserves, valued at approximately $12 billion, make up the majority of its $13.3 billion in total crypto and cash assets. Over 73% of BitMine’s ETH is staked, generating substantial revenue and reinforcing its long-term commitment to Ethereum. BitMine aims to reach 5% of all circulating ETH, a target it is now 84% of the way toward after just 10 months. Its aggressive buying has made it the largest known public ETH treasury, outpacing other digital asset firms. Market observers note that BitMine’s actions signal strong institutional confidence in Ethereum, influencing both market sentiment and staking dynamics. Recent commentary highlights Ethereum’s growing role as a store of value and collateral, especially amid global uncertainty.
