Crypto news report · source clearly identified
Bitmine Increases Ethereum Holdings by $68 Million, Nearing 6 Million ETH
Bitmine’s latest purchase adds $68 million worth of ETH, bringing its total to almost 6 million tokens and moving the firm closer to its target of owning 5 % of the network’s supply.
Bitmine, a crypto mining and investment firm, announced a new acquisition of Ethereum worth roughly $68 million. The purchase raises the company’s total Ethereum balance to just under 6 million ETH.
Progress Toward a 5 % Supply Goal
The firm has stated that its long‑term objective is to control about 5 % of all ETH in circulation. With the latest addition, Bitmine is edging closer to that benchmark.
Staking Rewards Boost Returns
Most of Bitmine’s ETH holdings are actively staked, generating ongoing rewards that contribute to the company’s overall earnings.
Market Context
At the time of reporting, Ethereum was trading around $2,505 per token, reflecting a modest price increase of roughly 0.3 % on the day.
Source & attribution
News Source
- Publisher
- Decrypt
- Original date
- September 14, 2026, 4:02 PM
- Original headline
- Bitmine Adds $68 Million in Ethereum as Holdings Near 6 Million ETH