Nikolas Sargeant
TL;DR
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Bitmine says it held 6,001,302 ETH as of September 27 after buying another 17,362 ETH during the week.
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Its ether holdings represented about 4.9% of the ETH supply, bringing it close to its 5% target.
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Bitmine reported $17.2 billion in combined crypto, cash, marketable securities, and other investments.
Bitmine Immersion Technologies has passed 6 million ETH in its corporate treasury, following another week of purchases.
The Tom Lee-chaired company said Monday that it acquired 17,362 ETH over the past week, bringing its holdings to 6,001,302 ETH as of September 27. Bitmine did not disclose the average price paid for the latest purchase.
Bitmine Closes In on 5% Supply Goal
Bitmine estimates that its holdings account for about 4.9% of Ether’s 122.1 million-token supply. That puts the company roughly 98% of the way toward its stated goal of holding 5% of ETH supply, which it calls the “Alchemy of 5%.”
The milestone comes less than 15 months after Bitmine began its Ethereum treasury strategy in June 2025. Lee said the company has bought ETH every week since launching that strategy and expects institutions to add to their crypto exposure later this year. That outlook is his forecast, rather than a guarantee of future demand.
More Than 5 Million ETH Is Staked
Of Bitmine’s total ether holdings, 5,067,309 ETH was staked as of September 27. The company valued that position at about $13.7 billion, using an ETH price of $2,698. Staking allows holders to help secure Ethereum’s network in exchange for rewards, though the amount earned can vary.
Bitmine projected $358 million in annualized staking revenue at its current scale. Lee said that figure could reach $424 million annually if all of the company’s ETH were staked at the yield used in its projection. Those figures are estimates based on a recent yield, not revenue already earned.
Beyond ETH, Bitmine reported holding 213 BTC, a $180 million stake in Beast Industries, a $115 million stake in Eightco Holdings, and $672 million in cash and marketable securities. It put the combined value of its crypto, cash, securities, and other investments at $17.2 billion.
