Crypto

BitMine Adds 17,362 ETH to Holdings, Nears 5% Target

Guavy AI Editorial Team Published September 28, 2026

Instruments

ETH

BitMine Immersion Technologies has added to its Ethereum holdings, purchasing 17,362 tokens in the week ending September 27. This move brings the company's treasury to 6,001,302 ETH, accounting for 4.9% of the total 122.1 million ETH supply.

The purchase was smaller than the previous week's addition of 27,562 ETH. BitMine has stated that it aims to hold 5% of the Ethereum supply, and its current holdings are a significant step towards this goal.

Concentrated accumulation of Ethereum by a single holder could have implications for the broader market, including tightening available supply, influencing DeFi and CEX liquidity, and supporting price discovery and adoption momentum.

BitMine Adds 17,362 ETH to Holdings, Nears 5% Target

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