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BitMine buys 17,362 ETH, surpassing 6 million ETH holdings, nearing 5% of Ethereum supply goal.

Protocol Fundamentals
28 Sep 2026
Crypto news
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Bullish
BitMine buys 17,362 ETH, surpassing 6 million ETH holdings, nearing 5% of Ethereum supply goal.

BitMine Immersion Technologies purchased an additional 17,362 Ethereum (ETH) tokens last week, bringing its total holdings to over 6 million ETH, approximately 4.9% of the estimated 122.1 million circulating ETH supply. The company is close to achieving its goal of owning 5% of Ethereum's supply, with only about 103,698 ETH remaining to reach that target. BitMine has staked over 5 million ETH, generating a projected annualized yield of 2.62%, contributing to an estimated $358 million in staking revenue. The company's total portfolio, including crypto, cash, and securities, is valued at $17.2 billion. BitMine's ongoing weekly ETH purchases have been consistent since June 2025, highlighting a strategic accumulation approach to build a significant treasury stake in Ethereum.

BitMine's Ethereum holdings provide context for readers. As of Sep 28, 2026 20:22 WIB, 11 of 50 major cryptocurrencies on Pluang rose, 38 fell. YFI price was Rp42.423.278 with a 1-day change of -5.94% and 99% sell order activity. AXS price was Rp19.883 with a 1-day change of -5.65% and 98% sell order activity. FIL price was Rp19.060 with a 1-day change of -5.56% and 59% buy order activity.

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