Bitmine Nears 5% ETH Supply Target with $15B Portfolio Growth

Bitmine Immersion Technologies has significantly increased its Ethereum holdings to over 5.96 million ETH, worth nearly $15 billion at current prices.

This purchase brings Bitmine's total Ethereum supply to approximately 4.9% of the circulating ETH, which is now just 2% shy of its target of owning 5% of all Ethereum.

The company has been steadily increasing its Ethereum treasury since launching its strategy on June 30, 2025, with each week adding a significant amount to its holdings.

Bitmine's largest portion of its Ethereum holdings is staked through its MAVAN platform, which holds over 5 million ETH and generates an estimated $334 million in yearly staking income at the current yield of 2.62%.

Notably, Bitmine's broader portfolio extends beyond Ethereum, including $549 million in cash and marketable securities, a $180 million stake in Beast Industries, and about $98 million in Eightco Holdings.