Bitmine crosses 6 million ETH as treasury nears 5% supply goal
Image: Crypto.newsBitmine Immersion Technologies added 17,362 ETH in the past week, lifting its Ethereum treasury above 6 million tokens. The company reported 6,001,302 ETH held, about 4.9% of circulating supply. It said it is 98% toward its goal of owning 5% of Ethereum's supply. More than 5.06 million ETH is staked. The treasury was valued at roughly $16 billion.
Key points
- Bitmine added 17,362 ETH in the past week.
- Its Ethereum treasury crossed above 6 million tokens.
- The holdings are close to 5% of Ethereum's circulating supply.
- Most of the company's ETH is staked.
- Bitmine is targeting 5% of Ethereum's supply.
Why it matters
A single public company now holds more than 6 million ETH and most of that is staked, making its treasury a large concentrated position in Ethereum. Bitmine says its goal is 5% of supply.
What's unclear
Reported Ethereum circulating supply differs: about 120.7 million tokens versus 122.1 million tokens.
Projected annualized staking revenue is given as $211 million to $357 million in one report and about $424 million if fully staked in the other.
Price context · ETH
At publication
$2,682.99
Now
$2,679.67
Change since
−0.12%
7 days · dashed line = publication
Sources · 5 publishers
Crypto.news
Tier 2
BitMine adds 17,362 ETH as treasury crosses 6 million
The Block
Tier 1
Tom Lee’s Bitmine tops 6 million ETH after buying another 17,362 ether
CoinGape
Tier 2
Tom Lee’s Bitmine Adds 17,362 ETH as Holdings Top 6 Million Ethereum
CryptoPotato
Tier 2
BitMine Passes 6 Million ETH as Weekly Purchase Slows to 17,362 Tokens
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Crypto.news
- CryptoVideos brief published
- 3 more publishers added to sources
How this brief was made. Our system found this event in 5 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
