BitMine Is 97% Of The Way To Its Bold Ethereum Target

BitMine Needs 170,802 More ETH To Reach Its 5% Target

9h05 ▪5min read ▪ byLuc Jose A.
Getting informed▪AltcoinsSummarize this article with:

After acquiring 28,086 ETH in one week, BitMine’s Ethereum treasury reaches 5.93 million Ether. The company confirms having achieved 97% of its goal to own 5% of the total supply, but this ratio relies on its own count of 122 million ETH.

In Brief

• BitMine now holds 5.93 million ETH after acquiring 28,086 ETH in one week.
• The company reaches approximately 97% of its goal to hold 5% of the Ether supply.
• It still needs 170,802 ETH to cross the 6.1 million ETH threshold according to its own calculation.
• Nearly 85% of its reserve is placed in staking, with estimated annual revenue of 330 million dollars.
• This accumulation increases its exposure to the Ether price, whose fluctuations can greatly affect the value of its treasury.

BitMine raises its holdings to 5.93 million ETH

The company BitMine added 28,086 ETH to its Ethereum treasury during the week ending September 7. This purchase amounts to nearly 70 million dollars at the reference price of 2,495 dollars.

Thus, this price represents an estimate of the market value of Ethers at a specific date, not the average price paid by BitMine. The <a href="https://www.prnewswire.co.uk/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-93-million-tokens-and-total-crypto-and-total-cash-holdings-of-15-7-billion-302871981.html” rel=”nofollow noopener” target=”_blank”>company’s press release does not allow determination of the updated purchase price of the entire reserve.

The key data announced by the company are as follows :

• 28,086 ETH acquired during the last week ;
• 5,929,198 ETH held in total ;
• 4.9% of the Ether supply according to BitMine’s calculation ;
• 15.7 billion dollars in cryptos, cash, and stakes ;
• 211 bitcoins and 593 million dollars in cash and marketable securities.

Tom Lee, chairman of BitMine, stated:

During the past week, we acquired 28,086 ETH.

He also declares that the company has acquired Ethers every week since the launch of its strategy on June 30, 2025.

The 5% goal remains 170,802 ETH away

The total supply used by BitMine to calculate its progress is 122 million ETH. A 5% stake could therefore correspond to 6.1 million Ethers. With 5,929,198 ETH in its wallet, the company has precisely reached 97.2% of this goal.

It still needs 170,802 ETH to surpass the announced threshold. At the reference price of 2,495 dollars, such an acquisition could represent nearly 426 million dollars. However, this amount could increase sharply according to the Ether price at the time of future purchases.

Currently, the share held is around 4.86% of the supply owned by BitMine, rounded to 4.9% in its press release. The final threshold is not entirely fixed. Indeed, the Ether supply fluctuates based on new issues and ETH burned by the Ethereum fee mechanism.

BitMine remains nonetheless the leading publicly traded company for Ether holdings. Its accumulation also brings it closer to Strategy, which largely dominates the ranking of companies exposed to bitcoin, thanks to its reserve.

Staking could bring in 330 million dollars

BitMine has put 5,067,309 ETH in staking, about 85% of its Ethereum treasury. The company believes this position would generate 330 million dollars in annualized revenue, based on a 2.61% yield observed over seven days.

This estimate does not represent guaranteed income. Rewards increase with the number of validators, Ethereum activity, network fees, and operators’ performance. If BitMine managed to place all its Ethers in staking, it anticipates annualized rewards of 386 million dollars.

Analyst Tom DeMark is also quoted in the release. He believes the current price behavior supports a recovery: “we believe this supports the continuation of the previous upward trend”. These remarks remain a market opinion and do not guarantee appreciation of Ether.

The concentration of the portfolio represents the major risk of this strategy. With 5.93 million ETH, a price fluctuation of only 100 dollars changes the theoretical value of the reserve by nearly 593 million dollars. Future acquisitions and the progression of staking yields will therefore determine if BitMine can approach 5% without excessively increasing its exposure.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d’une certification consultant blockchain délivrée par Alyra, j’ai rejoint l’aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l’économie, j’ai pris l’engagement de sensibiliser et d’informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu’elle offre. Je m’efforce chaque jour de fournir une analyse objective de l’actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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