Bitmine Pushes Ethereum Stake Over 4%, Acquires 71,524 ETH in One Week
Bitmine Immersion Technologies increased ETH holdings by 71,524 ETH last week, pushing its stake above 4% of total supply to 4.87 million ETH—81% toward its 5% supply target within nine months. The firm holds 198 BTC, $200 million equity in Beast Industries, $85 million in Eightco, and $719 million cash.
1. Ethereum Accumulation Strategy
Bitmine Immersion Technologies accelerated its ETH accumulation last week, purchasing 71,524 ETH—the highest weekly buy since December 2025. This push raised its holdings past 4% of total Ethereum supply, marking a key milestone in its treasury strategy.
2. Progress Toward 5% Supply Goal
The recent buys increased total holdings to approximately 4.87 million ETH, or about 81% of Bitmine’s target to hold 5% of the network’s supply within nine months of strategy launch. This demonstrates strong execution of its long-term accumulation plan.
3. Diversified Asset Portfolio and Risks
Beyond Ethereum, Bitmine holds 198 BTC, equity stakes valued at $200 million in Beast Industries and $85 million in Eightco, and $719 million in cash. Despite a positive share reaction, unrealized crypto losses exceed $6 billion, underscoring the volatility tied to high-conviction crypto positions.