Bitmine Increases Ether Holdings to Nearly 5% of Total Supply
Bitmine ramps up Ether buys, pushes holdings toward 5% of total supply
Cointelegraph
Image: Cointelegraph
Bitmine Immersion Technologies has acquired 71,524 Ether in the past week, raising its total holdings to approximately 4.87 million tokens, or 4.04% of the total Ether supply. The company aims to reach 5% of global Ether supply as it continues to expand its cryptocurrency portfolio.
- 01Bitmine's holdings now total about 4.87 million Ether, representing 4.04% of total supply.
- 02The company aims to acquire up to 5% of the global Ether supply.
- 03Bitmine's recent Ether purchase is its fastest accumulation since December 2025.
- 04Ether has seen a 7% increase in value over the past month.
- 05Bitmine's chairman cites strong demand for Ether linked to tokenization and AI blockchain use.
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Bitmine Immersion Technologies announced on Monday that it purchased 71,524 Ether over the past week, increasing its total holdings to approximately 4.87 million tokens, which represents 4.04% of the total Ether (ETH) supply of about 120.7 million tokens. The company aims to reach 5% of the global supply as it continues its aggressive accumulation strategy. This latest purchase marks Bitmine's fastest weekly pace of Ether accumulation since December 2025. According to CoinGecko data, Bitmine is the largest Ethereum treasury company, significantly outpacing competitors like SharpLink and The Ether Machine. Ether has gained about 7% in value over the past month, helping to limit its year-to-date decline to approximately 25%. A portion of Bitmine's holdings is staked through its in-house platform, MAVAN, with about 3.33 million ETH currently staked, projected to yield around $310 million annually. The announcement follows Bitmine's recent uplisting to the New York Stock Exchange, which typically indicates stricter listing standards and greater access to institutional capital.
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