Crypto

Bitmine Nears Goal of Holding 5% of Total Ethereum Supply

Guavy AI Editorial Team Published August 18, 2026

Instruments

ETH STRD

Bitmine Immersion Technologies (BMNR) has reached a significant milestone in its cryptocurrency holdings, with its Ethereum (ETH) stash now totaling 5.82 million tokens, worth approximately $11.1 billion at current prices.

This represents about 4.8% of the total ETH supply, which stands at 120.7 million coins. The company's holdings have grown steadily over the past year and a half, with its 'Alchemy of 5%' initiative aiming to accumulate 5% of the total ETH supply.

Bitmine has also made significant strides in its staking operations, with $9.6 billion worth of ETH currently staked on its institutional-grade staking platform, MAVAN. This represents a substantial portion of the company's overall holdings and is expected to generate significant revenue through staking rewards.

Bitmine Nears Goal of Holding 5% of Total Ethereum Supply

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