Bitmine Immersion Technologies acquired another 15,112 Ethereum tokens valued at approximately $41 million, according to an announcement Monday. The purchase raises the company's total Ethereum holdings to 6,016,414 ETH, representing 4.9% of Ethereum's 122.1 million token supply.
At a reference price of $2,726 per coin, the holdings are valued at roughly $16.4 billion. The company is now 99% of the way to its stated goal of controlling 5% of Ethereum's supply, a target Bitmine calls the "Alchemy of 5%," which it reached in 15 months.
The purchase continues an unbroken weekly buying streak that began when Bitmine launched its treasury strategy on June 30, 2025. The company has bought Ethereum every week since that date.
Beyond Ethereum, Bitmine's total holdings reached $17.4 billion as of Saturday. This includes 214 Bitcoin, $643 million in cash and marketable securities, a $180 million stake in Beast Industries, and a $117 million position in Eightco Holdings.
Bitmine ranks as the world's largest Ethereum treasury and the second-largest crypto treasury overall. The company generates staking income, with approximately 84% of its Ethereum holdings—5,067,309 ETH—staked through its MAVAN platform for projected annualized revenue of roughly $363 million.
