Bitmine’s ETH Holdings Reach Near 5% of Total Supply

Key Takeaways:

• The crypto, cash, and strategic investments made by Bitmine now exceed $12.3 billion, of which 5.39 million ETH are represented
• The company had purchased 111,942 ETH in a week, which equates to 4.47% of the total supply of Ethereum
• Chairman Tom Lee says Bitmine remains on track to reach its ambitious “Alchemy of 5%” ETH ownership target in 2026

Bitmine Immersion Technologies increased its holdings on Ethereum further to total up to $12.3 billion, and thus significantly strengthened its position in this digital asset, so that it can also be called the world’s largest corporate ETH treasury. The newest update reveals the firm continues to pile up, even in the face of a decline in the price of Ethereum.

Read More: Ethereum Faces Brutal Oil Correlation as Tom Lee Sees Massive 2026 ETH Rebound

Bitmine Adds 111,942 ETH in Biggest Weekly Purchase