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Bitmine Immersion Technologies reaches 4.9% Ethereum supply ownership
Bitmine Immersion Technologies has increased its Ethereum holdings to 5,929,198 ETH following a recent purchase of 28,086 tokens valued at approximately $70 million. This acquisition brings the company's total Ethereum position to roughly 4.9% of the total circulating supply, marking the completion of 97% of its 'Alchemy of 5%' target.
As of September 2026, the company's total treasury—comprising crypto assets, cash, and marketable securities—is valued at $15.7 billion. Bitmine has also moved approximately 5.06 million ETH into staking mechanisms, with Chairman Tom Lee projecting annualized staking revenues of approximately $330 million.
Despite the accumulation, reports indicate the company faces roughly $5 billion in unrealized losses on its Ethereum exposure due to market fluctuations. Bitmine's broader portfolio also includes 211 BTC and significant equity positions in Beast Industries and Eightco Holdings.
Entities
American Validator · Bitmine Immersion Technologies · Bitmine Immersion Technologies, Inc. · Ethereum · NYSE · New York Stock Exchange · Russell 1000 · Tom Lee
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] CryptoQuant data indicates Bitmine faces approximately $5 billion in unrealized losses on its ETH position. bitcoinethereumnews.com · www.cryptobreaking.com
- [● 5 SOURCES] The company has reached 97% of its goal to acquire 5% of the total Ethereum supply. phocapblockchain.net · pingtungtimes.com.tw · www.nadanews.com · crypto.news · www.cryptobreaking.com
- [DISPUTED] Chairman Tom Lee projects annualized staking revenue of approximately $330 million. phocapblockchain.net · bitcoinethereumnews.com · www.nadanews.com · crypto.news
- [● 7 SOURCES] The company's ETH holdings represent approximately 4.9% of the total Ethereum supply. phocapblockchain.net · pingtungtimes.com.tw · zombit.info · www.nadanews.com · crypto.news · +1 more
- [DISPUTED] Bitmine Immersion Technologies purchased 28,086 ETH, valued at approximately $70 million, in the past week. phocapblockchain.net · pingtungtimes.com.tw · www.nadanews.com · crypto.news · www.cryptobreaking.com
- [● 10 SOURCES] The company's total Ethereum holdings have reached 5,929,198 ETH. phocapblockchain.net · pingtungtimes.com.tw · zombit.info · bitcoinethereumnews.com · www.nadanews.com · +3 more
- [DISPUTED] Bitmine's total assets, including crypto, cash, and securities, are valued at $15.7 billion. phocapblockchain.net · pingtungtimes.com.tw · zombit.info · bitcoinethereumnews.com · www.nadanews.com · +2 more
- [● 5 SOURCES] Approximately 5.06 million ETH, or 85% of the company's holdings, has been staked. phocapblockchain.net · pingtungtimes.com.tw · www.nadanews.com · crypto.news · www.cryptobreaking.com