WuBlockchain
BitMine added 76,881 ETH over the past week, lifting its treasury to 5.62 million ETH — roughly 4.66% of Ethereum's total supply. Total crypto and cash holdings on the company's balance sheet now sit at $10.4 billion, including about $285 million in cash.
Why it matters
BitMine says it is 93% of the way to its stated "Alchemy of 5%" target, and has reached that mark in just 11 months. By total ETH held, BitMine is now the largest corporate treasury in the asset, ahead of the Foundation's own holdings. The speed of accumulation — over 5.6 million ETH in under a year — echoes the MicroStrategy/Bitcoin template and is reshaping how public-company treasuries price ETH as a reserve asset.
Market impact
A single corporate entity controlling close to 5% of float is a structural supply sink: every weekly buy tightens the available float for spot ETFs, staking venues, and DeFi liquidity. ETH-spot ETF flows have been a directional proxy for this bid; traders will be watching whether BitMine's weekly add cadence stays elevated or begins to taper as the company closes in on the 5% line.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.62 Million Tokens, and Total Crypto and Total Cash Holdings of $10.4 Billion](https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-62-million-tokens-and-total-crypto-and-total-cash-holdings-of-10-4-billion-302799989.html)
Frequently asked questions
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How much ETH does BitMine hold now?
BitMine's treasury stands at 5.62 million ETH, or roughly 4.66% of Ethereum's total supply of 120.7 million tokens, after adding 76,881 ETH in the past week.
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What is BitMine's 'Alchemy of 5%' target?
BitMine has stated a goal of holding 5% of total ETH supply. The company says it is 93% of the way there after just 11 months of accumulation.
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What is the total value of BitMine's holdings?
BitMine reported total crypto and cash holdings of $10.4 billion, including approximately $285 million in cash.
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Is BitMine the largest corporate ETH holder?
Yes — at 5.62 million ETH, BitMine is the largest known corporate ETH treasury on record, ahead of the Ethereum Foundation's own holdings.
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How does BitMine's accumulation affect ETH markets?
A single entity holding close to 5% of float acts as a structural supply sink, tightening available ETH for spot ETFs, staking venues, and DeFi liquidity. Traders watch BitMine's weekly add cadence as a directional signal.
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