BitMine’s ETH Treasury Nears 5% of Ethereum After $20M Buy

BitMine Immersion Applied sciences purchased 9,587 ETH previously week, lifting its Ethereum treasury to six,070,092 tokens, about 4.97% of Ethereum’s complete provide, the corporate introduced on November 9.

40,000 ETH from the goal

Within the announcement, the corporate repeated the identify it gave the marketing campaign, the “Alchemy of 5%” (). Measured in opposition to Ethereum’s estimated 122.2 million token provide, BitMine sits about 39,908 ETH in need of proudly owning 5% of the whole lot ever issued, based on a calculation based mostly on the corporate’s personal figures. The weekly buy was value roughly $20 million.

The shopping for marketing campaign began on June 30, 2025, and has run by 15 months of value swings. Chairman Tom Lee mentioned the corporate has saved up common purchases since launching the Ethereum treasury technique. At a reference value of $2,234, the most recent Ethereum value places the treasury close to $13.6 billion in ether alone.

What the complete submitting reveals

The SEC exhibit filed alongside the discharge places complete crypto, money, marketable securities and different investments at about $14.3 billion. That features 5,227,037 staked ETH, near 86% of the holdings, 216 Bitcoin and $475 million in money and securities. BitMine estimates annualized staking rewards of $309 million from what’s already staked, rising to about $359 million if the complete treasury have been staked. Each figures are projections at a trailing seven-day yield of two.65%, not booked earnings.