WuBlockchain
BitMine acquired 12,535 ETH over the past week, lifting total holdings to 6,041,481 ETH, roughly 4.9% of Ethereum's 122.1 million total supply. The company has 5.07 million ETH staked, meaning more than 80% of its treasury is actively earning yield on the network.
Why it matters
BitMine is now within striking distance of the 5% supply threshold, a level reached in roughly 15 months of accumulation. At that scale, a single corporate treasury becomes a structural factor in ETH's market: weekly buys are large enough to register, and the staked position locks supply out of liquid circulation.
Market impact
Total crypto, cash, marketable securities and other investments were valued at $15.1 billion as of October 18. Continued accumulation by ETH treasury vehicles like BitMine reduces float and reinforces the institutional bid that has underpinned Ethereum's 2025 positioning. Watch whether the company crosses 5% supply ownership and how much of its stack it continues to stake.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.04 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15.1 Billion — Cision PR Newswire](https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-04-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-15-1-billion-302912118.html)
Frequently asked questions
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How much ETH does BitMine now hold?
BitMine holds 6,041,481 ETH, approximately 4.9% of Ethereum's 122.1 million total supply, after adding 12,535 ETH over the past week.
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How much of BitMine's ETH is staked?
5.07 million ETH, more than 80% of BitMine's holdings, is staked on the Ethereum network, generating staking yield while remaining locked.
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What is BitMine's total holdings value?
BitMine's total crypto, cash, marketable securities and other investments were valued at $15.1 billion as of October 18.
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How close is BitMine to owning 5% of Ethereum's supply?
BitMine is at 4.9% of the total ETH supply, described as 99% of the way to the 5% threshold, reached in roughly 15 months of accumulation.
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Why does BitMine's ETH accumulation matter for the market?
A treasury at this scale reduces liquid ETH float through weekly purchases and staking, reinforcing the institutional bid on Ethereum's supply.
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