Bitmine Nears 5% Ethereum Goal With $11.2B ETH Treasury

Aug 10, 2026

< 1 min read

by Whitney Nyantune

for CoinEdition

Bitmine Nears 5% Ethereum Goal With $11.2B ETH Treasury

AI Overview

Bitmine expanded its Ethereum treasury to 5.81 million ETH after buying 7,391 tokens, holding about 4.8% of supply and approaching its 5% target; at ETH $1,928 the stash is worth roughly $11.2 billion and most ETH is staked to earn rewards. The corporate accumulation since June 2025 makes Bitmine one of the largest corporate holders and could tighten circulating supply and support ETH adoption, but BMNR shares have plunged nearly 40% despite the crypto holdings.

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Bitmine boosts its Ethereum treasury to 5.81 million ETH, nearing its 5% target.
Most of Bitmine’s ETH is staked, creating potential income from staking rewards.
BMNR shares remain under pressure, falling nearly 40% despite its crypto holdings.

Bitmine Technologies increased its Ethereum holdings to 5.81 million ETH after buying another 7,391 tokens, bringing the company closer to its goal of controlling 5% of the cryptocurrency’s total supply.

The latest purchase brings Bitmine’s holdings to about 4.8% of Ethereum’s supply. At an ETH price of $1,928, the company’s Ethereum stash is worth roughly $11.2 billion.

Bitmine began building its Ethereum treasury in June 2025 and has continued adding to its holdings through a series of purchases. The strategy has turned the company into one of the largest corporate holders of Ether as it works toward its 5% ta…

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