Bitmine Nears 5% Ethereum Goal With $11.2B ETH Treasury
- Bitmine boosts its Ethereum treasury to 5.81 million ETH, nearing its 5% target.
- Most of Bitmine’s ETH is staked, creating potential income from staking rewards.
- BMNR shares remain under pressure, falling nearly 40% despite its crypto holdings.
Bitmine Technologies increased its Ethereum holdings to 5.81 million ETH after buying another 7,391 tokens, bringing the company closer to its goal of controlling 5% of the cryptocurrency’s total supply.
The latest purchase brings Bitmine’s holdings to about 4.8% of Ethereum’s supply. At an ETH price of $1,928, the company’s Ethereum stash is worth roughly $11.2 billion.
Bitmine began building its Ethereum treasury in June 2025 and has continued adding to its holdings through a series of purchases. The strategy has turned the company into one of the largest corporate holders of Ether as it works toward its 5% ta…
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