Bitmine Nears 5% Ethereum Ownership Target with Latest Purchase

Bitmine Immersion Technologies has made another significant purchase of Ethereum (ETH) tokens, bringing its total holdings to nearly 5.8 million ETH or about 4.8% of the network's circulating supply.

The company bought an additional 10,399 ETH over the past week, putting it 96% of the way toward its stated goal of owning 5% of all ETH.

According to Chairman Tom Lee, Bitmine has been on a weekly buying streak since adopting its Ethereum treasury strategy on June 30, 2025.

The purchase extends Bitmine's combined holdings, which now total $11.3 billion, including 209 BTC, a $180 million stake in Beast Industries, and $61 million stake in Eightco Holdings, among others.