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Bitmine Immersion Technologies said its ETH holdings have climbed to 5.28 million tokens, or 4.37% of Ethereum's total supply, bringing total crypto and cash reserves to $12.6 billion. The treasury added 71,672 ETH over the past week and currently stakes 4.71 million of those tokens, worth roughly $10.3 billion at current prices.
Why it matters
Bitmine is now the largest single corporate holder of ETH by a wide margin — the position is more than 4% of the network's 120.7 million total supply, an unprecedented concentration in a single treasury less than a year after the company began accumulating. The firm says it is 87% of the way to its self-described "Alchemy of 5%" target in just 11 months.
Market impact
The accumulation rate — 71,672 ETH in seven days — translates to roughly 1.36% of total supply being absorbed by a single buyer on an annualised basis, a flow rate that mechanically tightens circulating supply on the spot side while the 4.71M staked position locks additional tokens out of liquid markets. Investors will watch whether Bitmine's weekly cadence holds and how much of future issuance ends up routed through staking rather than sold into the open market.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.28 Million Tokens, and Total Crypto and Total Cash Holdings of $12.6 Billion — Cision PR Newswire](https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-28-million-tokens-and-total-crypto-and-total-cash-holdings-of-12-6-billion-302774396.html)
Frequently asked questions
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How much ETH does Bitmine hold?
Bitmine Immersion Technologies disclosed holdings of 5.28 million ETH, equal to 4.37% of Ethereum's total 120.7M token supply, with total crypto and cash reserves of $12.6 billion.
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How fast is Bitmine accumulating ETH?
The company added 71,672 ETH over the past week. Annualised, that pace would absorb roughly 1.36% of total supply through a single corporate treasury.
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How much of Bitmine's ETH is staked?
Bitmine currently stakes 4.71 million of its 5.28M ETH, worth approximately $10.3 billion at current prices.
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What is Bitmine's 5% target?
Bitmine has framed accumulating 5% of Ethereum's total supply as its "Alchemy of 5%" goal. The company says it is 87% of the way there after 11 months.
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What does Bitmine's accumulation mean for ETH supply?
At the current weekly pace, a single corporate buyer would absorb more than 1% of ETH supply annually, while the 4.71M staked position removes a meaningful slice of tokens from liquid markets, tightening circulating supply.
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