Bitmine Nears 5% ETH Holdings, Eyes $3K Price Target
Bitmine continues to accumulate Ethereum (ETH) tokens as part of its treasury strategy. The company added 27,180 ETH during the past week, bringing its total holdings to 5.96 million tokens, which represents about 4.9% of the reported 122 million-token supply.
The value of Bitmine's ETH holdings is approximately $15 billion based on an ETH price of $2,513. The company also holds other assets, including 212 Bitcoin and stakes in Beast Industries and Eightco Holdings, totaling around $549 million in cash and marketable securities.
Bitmine's treasury has been steadily increasing its Ethereum position through weekly purchases since launching the strategy in June 2025. The company now controls one of the largest publicly listed Ethereum treasuries by reported holdings.