Crypto

BitMine Nears Control Over 5% of Ethereum Supply with Staking Push

Guavy AI Editorial Team Published August 11, 2026

Instruments

BTC ETH

BitMine Immersion Technologies has been aggressively accumulating Ethereum (ETH) and is now nearing its goal of controlling 5% of the cryptocurrency's total supply. According to a recent update, BitMine's Ethereum treasury stands at approximately 5.81 million ETH, which represents around 4.8% of the total 120.7 million ETH in circulation.

The company has been buying up ETH over the past year and has also started staking its holdings, with more than 5 million ETH now actively being used to secure the Ethereum network.

BitMine's strategy differs from that of other companies holding Bitcoin (BTC), which typically rely on price appreciation for returns. Instead, BitMine earns additional ETH through staking rewards without selling its underlying holdings.

The company has stated that it aims to achieve a '5% target' and is now approximately 96% of the way toward this goal. This milestone is significant, as it would make BitMine one of the largest corporate Ethereum treasuries in the world.

BitMine Nears Control Over 5% of Ethereum Supply with Staking Push

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