WuBlockchain
BitMine acquired 10,452 ETH over the past week, lifting total holdings to 6,051,933 ETH, roughly 4.95% of Ethereum's total supply. The company also repurchased 2.04 million of its own shares at an average price of $22.48 during the same period.
Why it matters
Crossing the 5% threshold would put a single corporate treasury in control of one of every twenty ETH in existence, a scale of concentration Ethereum's ecosystem has never seen. The buyback program adds a second dimension: 2026 repurchases now total 22.9 million shares, about $399.6 million, which the company frames as the largest crypto-treasury buyback on record.
Market impact
BitMine has 5.23 million ETH staked, locking the bulk of its stack out of circulation and tightening liquid supply further. The company reported total crypto, cash, marketable securities and other investments of about $15 billion. Watchers will be tracking how close accumulation pushes toward the 5% supply mark and whether staking balances keep climbing alongside it.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.05 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15 Billion — PR Newswire UK](https://www.prnewswire.co.uk/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-05-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-15-billion-302919315.html)
Frequently asked questions
-
How much ETH does BitMine hold now?
BitMine holds 6,051,933 ETH after acquiring 10,452 ETH over the past week, equal to roughly 4.95% of Ethereum's total supply.
-
What is BitMine's share buyback total for 2026?
BitMine has repurchased 22.9 million shares in 2026, worth about $399.6 million, including 2.04 million shares in the past week at an average price of $22.48.
-
How much of BitMine's ETH is staked?
BitMine has 5.23 million ETH staked, meaning the majority of its holdings are locked in staking and out of liquid circulation.
-
What are BitMine's total assets?
The company reported total crypto, cash, marketable securities and other investments of about $15 billion.
-
Why does BitMine's ETH accumulation matter for Ethereum?
At nearly 5% of supply with most of it staked, BitMine's treasury removes a large amount of ETH from liquid circulation, concentrating ownership at a scale the Ethereum ecosystem has not previously seen.
TheBlock
WatcherGuru
CoinTelegraph
Lookonchain
CoinDesk
CryptoSlate