BitMine Closes in on 5% Ethereum Target with Latest 27,180 ETH Purchase

BitMine has continued its Ethereum buying spree, purchasing 27,180 ETH over the past week. This brings their total holdings to 5,956,378 ETH, accounting for about 4.9% of Ethereum's supply.

The company is now just 98% away from reaching its target of holding 5% of Ethereum's supply, which would require approximately 6.1 million ETH. To reach this goal, BitMine needs to acquire an additional 144,000 ETH.

BitMine has been steadily purchasing ETH every week since June 30, 2025, and now holds over 5 million ETH in staking. The company's chairman, Tom Lee, attributes the increased buying activity to several factors, including the upcoming Clarity Act vote and the growth of tokenization on Wall Street.