WuBlockchain
Bitmine Immersion Technologies (BMNR) added 52,203 ETH over the past week, lifting its total holdings to 5.67 million ETH worth roughly $9.8 billion. That stack represents 4.7% of Ethereum's 120.7 million total supply, putting the company 94% of the way to its stated 'Alchemy of 5%' target just 11 months in.
Why it matters
Bitmine's treasury sits at $10.7 billion in total crypto, cash, and securities. Of the 5.67M ETH, 4.72M is staked, generating a projected $223 million in annualized staking revenue. The pace of accumulation is the real signal: hitting near 5% of total ETH supply in under a year turns a corporate treasury into a structural ETH holder whose buy pressure is now a recurring market input.
Market impact
A publicly traded vehicle absorbing a meaningful share of a major L1's float reframes the institutional demand picture for ETH. Investors tracking treasury-allocation flows will read the 52,203 ETH weekly add as evidence that the bid is ongoing, not a one-off rebalance.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.67 Million Tokens, and Total Crypto and Total Cash Holdings of $10.7 Billion](https://www.prnewswire.com/in/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-67-million-tokens-and-total-crypto-and-total-cash-holdings-of-10-7-billion-302806025.html)
Frequently asked questions
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How much ETH does Bitmine (BMNR) hold?
Bitmine holds 5.67 million ETH, worth roughly $9.8 billion, representing 4.7% of Ethereum's total supply of 120.7 million tokens.
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How much ETH did Bitmine add in its most recent weekly purchase?
Bitmine added 52,203 ETH over the past week, according to its announcement.
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What is Bitmine's 'Alchemy of 5%' target?
The 'Alchemy of 5%' is Bitmine's stated goal of holding 5% of Ethereum's total ETH supply. The company is 94% of the way there, 11 months into the program.
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How much of Bitmine's ETH is staked?
4.72 million of the 5.67 million ETH is staked, worth about $8.2 billion, generating projected annualized staking revenue of $223 million.
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What is Bitmine's total treasury value?
Bitmine's total crypto, cash, and securities holdings reached $10.7 billion per the announcement.
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