BitMine Crosses 6 Million ETH Threshold

BitMine Immersion Technologies has surpassed 6 million ETH in its treasury, bringing it closer to its goal of owning 5% of Ethereum's supply. The company has been steadily accumulating ETH every week since June 2025 and now estimates that it controls 4.9% of the network's 122.1 million token supply.

The remaining gap between BitMine's current holdings and the 5% target is approximately 103,700 ETH based on the current denominator. However, Ethereum's supply changes over time due to issuance and token burns, so this figure will also fluctuate.

BitMine has already put most of its treasury to work through staking, with around 84.4% of its holdings deployed in this way. This has created a second variable for shareholders as revenue can fall even when the ETH treasury remains unchanged.