Ethereum Treasury Giant Bitmine Now Holds 4.59% of Total ETH Supply
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Bitmine added 126,971 ETH over the past week, taking its treasury to 5.54 million ETH — equal to 4.59% of the 120.7 million supply — valued at $1,630 per token and contributing to total holdings of $9.6 billion that also include 204 BTC, $247 million cash and stakes in Beast Industries ($180M) and Eightco ($88M). The aggressive accumulation during the recent market downturn represents a large-scale institutional buy that could tighten ETH supply, support price upside and influence broader crypto and DeFi liquidity dynamics.
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Ethereum treasury company Bitmine accumulated 126,971 ETH over the past week. According to the latest update, the firm reported total crypto, cash, and ‘moonshots’ holdings of $9.6 billion, including 5.54 million ETH priced at $1,630 per token, 204 Bitcoin, a $180 million stake in Beast Industries, an $88 million position in Eightco Holdings, and $247 million in cash.
Bitmine said its ETH stack equals 4.59% of the 120.7 million ETH supply, as the latest market downturn coincided with aggressive buying.
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