BitMine Adds 8,573 ETH, Reaching 4.9% of Ethereum Supply
BitMine Immersion Technologies has added another 8,573 ETH to its treasury, bringing its total Ethereum holdings to 6,060,506 ETH. This latest purchase puts the company close to controlling 4.9% of Ethereum’s circulating supply, solidifying its position as the largest publicly listed Ethereum treasury.
By Pallavi Malviya Gupta, Chief Editor
November 2, 2026
3 min read
BitMine has continued its weekly Ethereum purchasing strategy since launching its Ethereum treasury strategy on June 30, 2025. Its latest update also reveals its total assets at approximately $14.5 billion, including Ethereum holdings, smaller Bitcoin reserves, cash, and investments in other companies.
BitMine Moves Closer to 5% Ethereum Target
BitMine’s latest purchase brings its ETH holdings to 6,060,506 tokens. Its stated goal, dubbed the “Alchemy of 5%,” aims to accumulate 5% of Ethereum’s total supply, or approximately 6.11 million tokens.
86% of BitMine’s ETH Staked
Approximately 86% of BitMine’s Ethereum treasury is currently staked, enabling the company to earn rewards for securing the Ethereum network. The company projects around $358 million in annualized staking revenue at its current level, expecting this to increase to up to $415 million as more holdings are deployed.
This strategy centers around MAVAN, a platform developed by BitMine to support its treasury and later expanded to serve institutional investors, custodians, and ecosystem partners.
Disclaimer: These revenue figures are projections, not guaranteed earnings, subject to fluctuations based on network conditions, validator performance, and ETH prices.
Related:
- Altcoin Buzz previously covered BitMine’s progress toward the 5% supply target.
- Ethereum staking figures reached record highs in Q3 2026, with 43.8 million ETH staked, as reported by Bitwise.