BitMine’s Ethereum acquisition hits 6 million ETH, nears 5% supply goal

BitMine Immersion Technologies has added another large chunk of Ethereum to its treasury, bringing the company closer than ever to a self-set target of owning 5% of all $ETH in circulation. The firm acquired 15,112 $ETH over the past week.

Key takeaways

• BitMine added 15,112 $ETH to its treasury in the past week.
• Its total stash now sits at 6,016,414 $ETH as of October 4.
• That holding equals roughly 4.9% of Ethereum’s full supply.
• The company is 99% of the way to its 5% ownership target.
• Over 5 million of those tokens are staked.

BitMine’s Weekly Haul Pushes Holdings Past 6 Million $ETH

According to WuBlockchain, BitMine said it acquired 15,112 $ETH over the past week, lifting its total holdings to 6,016,414 $ETH as of October 4.

The 6,016,414 $ETH BitMine now holds works out to about 4.9% of Ethereum’s 122.1 million token supply, putting the company 99% of the way toward its stated $ETH ownership goal of controlling 5% of all coins in circulation.

BitMine has 5,067,309 $ETH staked. Combined with cash, marketable securities and other investments, BitMine’s total portfolio was valued at $17.4 billion.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.