Bitmine Nears 5% ETH Acquisition Goal with Record Holdings

Bitmine Immersion Technologies (BMNR) announced its ETH holdings have reached 5.8 million tokens, comprising 4.8% of the total ETH coin supply of 120.7 million.

In just 13 months, Bitmine has made significant progress toward its goal of acquiring 5% of the ETH supply, with only a 4% gap remaining.

The company's Ethereum holdings have generated substantial returns in recent times, outperforming the Nasdaq 100 by 2,500 basis points in July. This marks the largest outperformance since July 2025 and is reflective of the strengthening fundamentals of crypto.

Bitmine has also repurchased 4.5 million common shares under its $4 billion share repurchase program, with a total of over 16 million shares repurchased since July 1, 2026.