Bitmine Reaches 96% Milestone on Path to Alchemy of 5%

Bitmine Immersion Technologies (BMNR) made significant announcements regarding its Ethereum holdings and staking operations. The company now holds approximately 5.79 million ETH tokens, which is 4.8% of the total ETH supply of 120.7 million.

This milestone marks Bitmine's progress towards its goal of acquiring 5% of the total ETH supply, with the company being 96% of the way to this target in just 13 months.

Bitmine also repurchased 6.1 million common stock shares in the past week under its $4 billion share repurchase program, which has seen a total of 11.6 million shares purchased since July 1, 2026.