BitMine Surpasses 6 Million ETH Holdings in Quest for 5% Target

BitMine Immersion Technologies has made significant strides in its Ethereum accumulation strategy. The company, led by Tom Lee, purchased an additional 17,362 ETH last week, bringing its total holdings to 6,001,302 tokens.

This represents nearly 5% of the total Ethereum supply, estimated at 122.1 million units. At a price of $2,698 recorded on Coinbase, the company's crypto treasury exceeds $16 billion.

BitMine has been purchasing ETH weekly since June 30, 2025, regardless of the price. The company surpasses 6 million ETH without ever missing a week of purchasing, a remarkable achievement reached in less than fifteen months.