WuBlockchain
BitMine acquired 17,362 ETH over the past week, bringing its holdings to 6,001,302 ETH as of September 27. The position represents about 4.9% of Ethereum’s 122.1 million ETH supply, putting the company 98% of the way toward its stated goal of owning 5%.
Why it matters
BitMine’s accumulation gives one company a substantial position in ETH. The holdings also extend beyond a passive treasury allocation: BitMine says it has staked 5,067,309 ETH, roughly 84% of its total position.
Market impact
The purchase adds to the scale of BitMine’s exposure, while the large staked share ties most of its ETH holdings to staking. The company reported that its crypto, cash, marketable securities and other investments were valued at $17.2 billion.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach over 6 Million Tokens with Total Crypto, Cash & Marketable Securities Holdings of $17.2 Billion](https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-over-6-million-tokens-with-total-crypto-cash--marketable-securities-holdings-of-17-2-billion-302891187.html)
Frequently asked questions
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How much ETH does BitMine hold?
BitMine reported holdings of 6,001,302 ETH as of September 27, after acquiring 17,362 ETH over the past week.
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What share of Ethereum’s supply does BitMine hold?
The company’s holdings represent about 4.9% of Ethereum’s 122.1 million ETH supply.
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How close is BitMine to its 5% ETH ownership goal?
BitMine says it is 98% of the way toward its stated goal of owning 5% of all ETH.
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How much of BitMine’s ETH is staked?
BitMine has staked 5,067,309 ETH, roughly 84% of its holdings.
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What value did BitMine report for its broader investments?
BitMine said its crypto, cash, marketable securities and other investments were valued at $17.2 billion.
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