Bitmine adds over 25,000 ETH to its treasury, pushing holdings toward 5% of supply

Bitmine, a publicly traded Ethereum‑focused treasury company, announced two large purchases in the past weeks. The latest acquisition added 26,497 ETH, valued at about $53 million, bringing its total reserves to roughly 5,416,901 ETH – roughly 4.5 % of the circulating Ethereum supply. Earlier, the firm bought another 25,000 ETH for about $50.5 million, reinforcing its aggressive accumulation strategy.

The company aims to control more than 5 % of Ethereum by year‑end, a move that underscores growing institutional confidence in the digital‑asset market. analysts note that such treasury purchases can tighten on‑chain supply, although broader exchange flows have remained neutral and the token’s price has hovered near the $2,000 support level, with technical indicators showing oversold conditions.

Bitmine also continues extensive staking activities, contributing to network security while seeking validator revenue. The firm’s actions are seen as a barometer of institutional sentiment toward Ethereum amid recent price weakness.