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Bitmine Immersion Technologies disclosed that its ETH holdings climbed to 5,206,790 — roughly 26,659 ETH above its prior tally of 5,180,131. The company's total crypto and cash holdings now sit at about $13.4 billion, including 201 BTC and $775 million in cash.
Why it matters
Bitmine is staking 4,712,917 ETH — worth around $11.1 billion at current prices — meaning the vast majority of its ETH stack is locked in validators rather than sitting liquid. The company now controls approximately 4.31% of Ethereum's total supply and says it is 86% of the way to its self-styled 'Alchemy of 5%' target after only 11 months.
Market impact
The accumulation cadence matters more than the headline number: a treasury buying and then staking ETH on this scale is a structural drain on liquid supply. With Bitmine's stake rate now near 90% of its holdings, the tokens it absorbs aren't likely to re-enter the market on any near-term timeline — a pattern that increasingly defines how publicly traded ETH treasuries interact with the network.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.21 Million Tokens, and Total Crypto and Total Cash Holdings of $13.4 Billion — Cision PR Newswire](https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-21-million-tokens-and-total-crypto-and-total-cash-holdings-of-13-4-billion-302767816.html)
Frequently asked questions
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How much ETH does Bitmine currently hold?
Bitmine disclosed holdings of 5,206,790 ETH, up about 26,659 ETH from its previous 5,180,131 ETH tally.
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What percentage of Ethereum's total supply does Bitmine control?
Bitmine holds approximately 4.31% of Ethereum's total supply and says it is 86% of the way to its 'Alchemy of 5%' target after 11 months.
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How much of Bitmine's ETH is staked?
Bitmine is staking 4,712,917 ETH — worth roughly $11.1 billion at current prices — meaning nearly 90% of its ETH stack is locked in validators.
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What is Bitmine's total asset position?
Total crypto and cash holdings stand at approximately $13.4 billion, including 201 BTC and $775 million in cash alongside its ETH stack.
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Why does Bitmine's treasury strategy matter for ETH supply?
A publicly traded company buying and then staking ETH at this scale creates a sustained structural drain on liquid supply, with the staked portion unlikely to re-enter markets on any near-term timeline.
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