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Bitmine Immersion Technologies (BMNR) said it acquired 42,197 ETH over the past week, bringing total holdings to 5,742,237 ETH, equivalent to 4.8% of Ethereum's circulating supply. The company also disclosed 4,879,157 staked ETH within that position, valued at roughly $8.8 billion.
Bitmine's combined crypto, cash, marketable securities, and other investments now stand at $11.1 billion. The treasury has reached 95% of Bitmine's stated 'Alchemy of 5%' target within roughly 12 months of launch.
Why it matters
Bitmine's pace is the structural story. Reaching nearly 5% of ETH's circulating supply in a year places the company ahead of every other public corporate treasury by a wide margin and turns it into a sustained, programmatic buyer on the open market. With the majority of holdings already staked, the position also contributes to ETH's validator set rather than sitting idle.
Market impact
The weekly acquisition is modest in dollar terms relative to the total stack, but the steady cadence signals ongoing accumulation rather than a one-off trade. Investors will watch whether Bitmine can close the remaining gap to 5% of supply and how staking yield on the existing 4.88M ETH positions affects per-share value for BMNR shareholders going forward.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.74 Million Tokens, and Total Crypto and Total Cash Holdings of $11.1 Billion](https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-74-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-1-billion-302818104.html)
Frequently asked questions
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How much ETH does Bitmine now hold?
Bitmine disclosed total holdings of 5,742,237 ETH, equal to 4.8% of Ethereum's circulating supply, after acquiring 42,197 ETH over the past week.
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How much of Bitmine's ETH is staked?
Within the total position, 4,879,157 ETH is staked, valued at roughly $8.8 billion at current prices.
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What is Bitmine's overall treasury value?
Bitmine's combined crypto, cash, marketable securities, and other investments now total $11.1 billion, according to the company's announcement.
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What is Bitmine's 'Alchemy of 5%' target?
It is Bitmine's stated goal of accumulating 5% of Ethereum's circulating supply. The company says it is 95% of the way there within roughly 12 months of launch.
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How does Bitmine compare to other corporate ETH holders?
At 4.8% of circulating supply and with the majority of holdings staked, Bitmine is the largest single public corporate holder of ETH by a wide margin.
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