BitMine Nears 5% Ethereum Ownership Goal

BitMine just added 7,391 ETH to its treasury last week. This latest purchase brings the company total holdings to roughly 5.8 million ETH. This amount represents nearly 4.8 percent of the total Ethereum supply in existence today.

The firm has maintained a consistent buying pace since launching its treasury strategy at the start of 2025. By adding to its position every single week, the company is now within striking distance of its stated goal to control 5 percent of the total supply.

Market watchers are paying close attention to these moves because of how much capital is already locked away. With over 4.9 million ETH currently staked, the remaining liquid supply is shrinking as large entities like BitMine accumulate more coins. Investors will be watching to see if the firm continues its buying pace once it hits that 5 percent milestone.