BitMine Nears 6 Million ETH Reserves with $68M Purchase

BitMine Immersion Technologies continues to amass Ethereum (ETH) as part of its crypto accumulation strategy. The company recently purchased 27,180 ETH for approximately $68 million, bringing its total reserves to 5.96 million ETH or 4.9% of the total supply.

This latest acquisition is in line with BitMine's goal to hold 5% of the circulating Ethereum supply, and only about 144,000 ETH are needed to reach this target. The company has a long history of purchasing ETH every week since launching its crypto strategy on June 30, 2025.

BitMine is already the world's largest Ethereum treasury and ranks second in overall crypto treasuries, behind Strategy Inc.'s 845,080 BTC. Its total crypto assets are valued at $15.8 billion, including $549 million in cash and securities, stakes in Beast Industries and Eightco Holdings, and 212 BTC.