WuBlockchain
BitMine acquired 15,112 ETH over the past week, bringing its holdings to 6,016,414 ETH as of October 4. The company said that equals about 4.9% of Ethereum’s 122.1 million ETH supply and puts it 99% of the way toward its stated goal of owning 5%.
Why it matters
BitMine’s position makes its treasury a sizable source of concentrated ETH ownership. The company reported 5,067,309 ETH staked, meaning most of its holdings are committed to Ethereum staking.
Market impact
The latest purchase adds to BitMine’s exposure to ETH, while its total crypto, cash, marketable securities and other investments were valued at $17.4 billion. The company’s stated target is close, but its reported holdings remain about 0.1 percentage point below 5% of supply.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.02 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $17.4 Billion](https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-02-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-17-4-billion-302898094.html)
Frequently asked questions
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How much ETH does BitMine hold after its latest purchase?
BitMine reported holdings of 6,016,414 ETH as of October 4, after acquiring 15,112 ETH over the past week.
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What share of Ethereum’s supply does BitMine say it owns?
The company said its holdings represent about 4.9% of Ethereum’s 122.1 million ETH supply.
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What is BitMine’s stated ETH ownership target?
BitMine’s stated goal is to own 5% of all ETH. The company said it is 99% of the way toward that target.
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How much of BitMine’s ETH is staked?
BitMine reported 5,067,309 ETH staked.
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What was the reported value of BitMine’s broader holdings?
BitMine said its total crypto, cash, marketable securities and other investments were valued at $17.4 billion.
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