Crypto desk
BitMine reported 6,070,092 ETH on November 8, about 4.97% of Ethereum’s supply, leaving roughly 39,908 ETH to its 5% target set in June 2025.
Published 10 Nov 2026, 03:05 UTC
BitMine Immersion Technologies bought 9,587 ETH in the past week, lifting its Ethereum treasury to 6,070,092 tokens, about 4.97% of Ethereum’s total supply, the company announced on November 9.
Key takeaways
- BitMine holds 6,070,092 ETH as of November 8, about 4.97% of Ethereum’s estimated 122.2 million token supply.
- A calculation based on BitMine’s disclosed figures puts about 39,908 ETH between it and the 5% target.
- Total crypto, cash and marketable securities stand at about $14.3 billion.
- 5,227,037 ETH is staked, worth about $11.7 billion at the company’s $2,234 reference price.
40,000 ETH from the target
In the announcement, the company repeated the name it gave the campaign, the “Alchemy of 5%” (). Measured against Ethereum’s estimated 122.2 million token supply, BitMine sits about 39,908 ETH short of owning 5% of everything ever issued, according to a calculation based on the company’s own figures. The weekly purchase was worth roughly $20 million.
The buying campaign started on June 30, 2025, and has run through 15 months of price swings. Chairman Tom Lee said the company has kept up regular purchases since launching the Ethereum treasury strategy. At a reference price of $2,234, the latest Ethereum price puts the treasury near $13.6 billion in ether alone.
What the full filing shows
The SEC exhibit filed alongside the release puts total crypto, cash, marketable securities and other investments at about $14.3 billion. That includes 5,227,037 staked ETH, close to 86% of the holdings, 216 Bitcoin and $475 million in cash and securities. BitMine estimates annualized staking rewards of $309 million from what is already staked, rising to about $359 million if the full treasury were staked. Both figures are projections at a trailing seven-day yield of 2.65%, not booked income.
