WuBlockchain
Bitmine Immersion Technologies added 27,084 ETH over the past week, lifting its cumulative holdings to 5.70 million ETH, equal to 4.7% of Ethereum's total supply. The disclosure, published via PR Newswire, puts the corporate ETH accumulator 94% of the way to its stated "Alchemy of 5%" target roughly 11 months after launching the strategy.
Why it matters
Bitmine now sits as the largest disclosed corporate ETH treasury by a wide margin, with 4.88 million ETH actively staked. Projected annualized staking revenue of $211 million, alongside $555 million in cash and marketable securities, gives the firm a self-funding runway for further accumulation without forcing token sales into the market.
Market impact
The pace matters as much as the headline number. A 27,084 ETH weekly add from a single corporate buyer translates to roughly $108M at recent prices, and the staking component keeps that ETH off the circulating supply. If Bitmine closes the remaining 0.3 percentage-point gap to 5% of supply, expect buy-side pressure to extend into the next quarterly window.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.70 Million Tokens, and Total Crypto and Total Cash Holdings of $9.8 Billion — Cision PR Newswire](https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-70-million-tokens-and-total-crypto-and-total-cash-holdings-of-9-8-billion-302812787.html)
Frequently asked questions
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How much Ethereum does Bitmine hold?
Bitmine reported cumulative holdings of 5.70 million ETH, equal to 4.7% of Ethereum's total supply, after adding 27,084 ETH over the past week.
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How much of Bitmine's ETH is staked?
4.88 million ETH is currently staked, generating projected annualized staking revenue of $211 million according to the company's disclosure.
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What is Bitmine's "Alchemy of 5%" target?
It is the company's stated goal of holding 5% of Ethereum's total ETH supply. Bitmine is now 94% of the way there, roughly 11 months after launching the strategy.
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Does Bitmine have cash to keep buying?
Yes. The firm disclosed $555 million in cash and marketable securities, alongside its ETH treasury, giving it a self-funding runway for further accumulation.
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What is Bitmine's total crypto and cash position worth?
Bitmine's combined crypto and cash holdings total $9.8 billion per the company's PR Newswire announcement.
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