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BitMine nears 5% ETH supply target via staking and buybacks

Overview

Since April 2026, BitMine Immersion Technologies has transitioned to an Ethereum-focused treasury model, targeting a 5% circulating supply holding. By early September 2026, the company reported expanding its treasury to 5,929,198 ETH following a confirmed purchase of 28,086 tokens valued at approximately $70.1 million. This acquisition brought its total holdings to roughly 4.9% of the estimated 122 million circulating supply, marking the completion of 97% of its ‘Alchemy of 5%’ target.

On September 14, 2026, BitMine further expanded its treasury to approximately 5.96 million ETH after purchasing an additional 27,180 tokens. This latest accumulation places the company at 98% of its 5% supply goal. The total treasury—comprising cryptocurrency, cash, and marketable securities—is now valued at approximately $15.8 billion.

Through its MAVAN (Made-in-America Validator Network) initiative, BitMine has increased its staking operations, with over 5 million ETH (approximately 85% of its holdings) currently staked. Chairman Tom Lee projects annualized staking revenue of approximately $334 million. In addition to its Ethereum position, the company maintains 212 Bitcoin, $549 million in cash and marketable securities, and strategic equity stakes in Beast Industries and Eightco Holdings. Lee also noted that the Ethereum/Bitcoin price ratio has reached its highest level since January 2026.

Entities

Ethereum · Tom Lee · Bitmine Immersion Technologies · BitMine · Eightco Holdings

Claims

What the coverage asserts, and how many sources carry each claim.

Coverage disagrees

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Timeline

  1. 3 days ago

    [BUSINESS] 16 sources
    Bitmine nears 5% Ethereum supply target with $15.8B treasury

    Bitmine Immersion Technologies has reached 4.9% ownership of Ethereum's total supply, with its $15.8 billion treasury leveraging staking to target hundreds of millions in annual revenue.

  2. 5 days ago

    [BUSINESS] 2 sources
    Bitmine Immersion Technologies shares rise as Cantor Fitzgerald doubles price target

    Bitmine Immersion Technologies shares rose 8% after Cantor Fitzgerald doubled its price target to $63.60, citing the company's 5.93 million ETH treasury as a leveraged proxy for Ethereum.

  3. 8 days ago

    [BUSINESS] 10 sources
    Bitmine Immersion Technologies reaches 4.9% Ethereum supply ownership

    Bitmine Immersion Technologies has reached 5.93 million ETH in holdings, representing 4.9% of the total supply, as part of its $15.7 billion treasury strategy.

  4. 11 days ago

    [BUSINESS] 8 sources
    Bitmine nears 5% Ethereum ownership goal through purchases and staking

    Bitmine is nearing its 5% Ethereum ownership goal. Recent on-chain data suggests a $126 million purchase, while existing staking rewards may also help the company reach its target without further buying.

  5. 14 days ago

    [BUSINESS] 2 sources
    Bitmine Immersion Technologies shares surge amid Ethereum rebound

    Bitmine Immersion Technologies shares rose 46.5% in August due to Ethereum's price rebound. ParaFi Capital LP recently invested $3.13 million in the company.

  6. 17 days ago

    [BUSINESS] 30 sources
    Bitmine Immersion Technologies reaches 4.9% Ethereum supply ownership

    Bitmine Immersion Technologies now holds 5.9 million ETH, roughly 4.9% of the total supply, as it nears its 5% accumulation goal through 65 consecutive weeks of buying.

  7. 22 days ago

    [BUSINESS] 2 sources
    Bitmine acquires $81 million in Ethereum to approach 5% supply target

    Bitmine has purchased $81 million worth of Ethereum, bringing its total holdings to approximately 4.8% of the total circulating supply as it nears its 5% ownership target.

  8. 23 days ago

    [BUSINESS] 5 sources
    BitMine expands ETH holdings as Coinbase adopts Chainlink

    BitMine expands its Ethereum holdings while Coinbase adopts Chainlink for tokenized stocks. Additionally, BlockchainFX reaches a $15 million funding milestone ahead of its August 31 launch.

  9. 24 days ago

    [BUSINESS] 21 sources
    Bitmine expands Ethereum holdings to 5.85 million ETH

    Bitmine Immersion Technologies has increased its Ethereum holdings to 5.85 million ETH, controlling 4.8% of the supply as it nears its 5% target and leverages staking for significant annual revenue.

  10. 26 days ago

    [BUSINESS] 2 sources
    BitMine Immersion Technologies stock rises 26% amid Ethereum expansion

    BitMine Immersion Technologies' stock rose 26% this week as the company expanded its Ethereum holdings to 4.8% of the total supply. Analysts cite high correlation between the stock and ETH.

  11. 29 days ago

    [BUSINESS] 5 sources
    Bitmine Immersion Technologies expands Ethereum holdings amid AI verification pitch

    Bitmine Immersion Technologies chairman Tom Lee is expanding his firm's Ethereum holdings toward 5% of the total supply while pitching the asset as a vital verification layer for artificial intelligence.

  12. about 1 month ago

    [BUSINESS] 17 sources
    Bitmine Immersion Technologies nears 5% Ethereum supply target

    Bitmine Immersion Technologies has reached 4.8% of the Ethereum supply, nearing its 5% goal, while MicroStrategy raised $334 million through share sales to bolster reserves and preferred stock.

  13. about 1 month ago

    [BUSINESS] 2 sources
    Bitmine increases Ethereum staking by $300 million

    Bitmine has added $300 million in Ethereum to its staking holdings as it nears a 5% supply ownership goal. Meanwhile, analyst Tom Lee maintains a $12,000 price target for ETH.

  14. about 1 month ago

    [BUSINESS] 6 sources
    BitMine Technologies nears 5% Ethereum supply target

    BitMine Technologies has reached 5.81 million ETH in holdings, representing 4.8% of the total supply, while continuing its share buyback program and aggressive staking strategy.

  15. about 2 months ago

    [BUSINESS] 13 sources
    Bitmine Immersion Technologies Holds 4.8% of Ethereum Supply

    Bitmine Immersion Technologies added 10,399 ETH, now holding 4.8% of supply (~$10.9 bn) and staking 85% for projected $247 m annual revenue, while repurchasing 4.5 m shares; Ethereum trades near $1,847, facing

  16. about 2 months ago

    [BUSINESS] 5 sources
    Bitmine Immersion Technologies Expands Ether Treasury to 5.79 million ETH

    Bitmine Immersion Technologies now holds 5.79 million ETH (4.8 % of supply), with 85 % staked and projected $299 M annual rewards; its chairman cites a three‑month high ETH/BTC ratio and the firm completed a 6.

  17. about 2 months ago

    [BUSINESS] 11 sources
    BitMine Immersion Technologies expands Ethereum treasury and staking amid institutional buying

    Institutional investors boosted stakes in BitMine Immersion as the company shifted to a $10 bn Ethereum treasury, staking 4.9 million ETH through its MAVAN initiative.

  18. about 2 months ago

    [BUSINESS] 2 sources
    BitMine Immersion Shifts to Ethereum, Acquires $73 Million in ETH

    BitMine Immersion (BMNR) pivots from Bitcoin to Ethereum, buying $73 M of ETH and staking most of it, while its shares tumble over 50 % amid a weak ETH market.

  19. about 2 months ago

    [BUSINESS] 6 sources
    Bitmine Immersion Nears 5% Ethereum Supply as $11.5 B Treasury Grows

    Bitmine Immersion holds 4.8% of Ethereum supply, with a $11.5 B crypto treasury, 85% of ETH staked, and continues a $4 B share‑buyback while buying more ETH.

  20. 2 months ago

    [BUSINESS] 14 sources
    BitMine Immersion Technologies Holds 4.8% of Ethereum Supply

    BitMine Immersion Technologies now holds 5.78 million ETH (~4.8% of supply), has staked over 85%, repurchased 5.5 M shares, and is within 0.5 M ETH of its 5% target.

  21. 2 months ago

    [BUSINESS] 4 sources
    BitMine Immersion Technologies’ Ethereum Treasury Push Sends Stock Tumbling

    BitMine bought $73 M of ETH, holding 4.8 % of supply and targeting 5 % by 2026, but its stock fell sharply as investors question the treasury strategy.

  22. 2 months ago

    [BUSINESS] 3 sources
    BitMine holds 4.8% of ETH supply as Bitwise reports strong crypto fundamentals

    BitMine now holds 4.8% of Ethereum, staking most of it, while Bitwise’s latest report finds strong crypto fundamentals despite price drops.

  23. 2 months ago

    [BUSINESS] 7 sources
    Bitmine Approaches 5% of Ethereum Supply, Holding About $10 B in ETH

    Bitmine, led by Tom Lee, now holds about 5.7 million ETH (~$10 billion), roughly 5% of the circulating supply, after multiple purchases including 20,500 ETH from Galaxy Digital.

  24. 2 months ago

    [BUSINESS] 12 sources
    Bitmine Immersion Nears 5% of Ethereum Supply with 5.74 M ETH Holdings

    Bitmine Immersion now holds 5.74 M ETH (~4.8% of supply), $11.1 B total assets, 95% of its 5% target, with most ETH staked for $235‑$277 M annual yield; CEO cites U.S. Clarity Act hopes.

  25. 3 months ago

    [BUSINESS] 7 sources
    Ethereum posts daily gains and a rare monthly buy signal as Q3 recovery gains steam

    Ethereum up 2.4% to $1,748, shows rare monthly buy signal, ETH/BTC breakout and record Binance withdrawals signal a Q3 recovery.

  26. 3 months ago

    [BUSINESS] 11 sources
    Bitmine Raises Ethereum Treasury to 5.7 Million ETH, Joins Russell 1000 Index

    Bitmine added 27,084 ETH for $42‑43 M, lifting its stash to 5.7 M ETH (4.7 % of supply) and joining the Russell 1000, prompting expectations of new institutional investors despite a recent 7‑8 % ETH price dip.

  27. 3 months ago

    [BUSINESS] 2 sources
    Galaxy Digital joins Russell 1000, marking major milestone for crypto firms

    Galaxy Digital and Ethereum‑focused Bitmine were added to the Russell 1000, giving crypto firms large‑cap status and boosting institutional exposure.

  28. 3 months ago

    [BUSINESS] 3 sources
    BitMine added to Russell 1000 Index, boosting institutional Ethereum exposure

    BitMine will join the Russell 1000 on June 26 2026, holding 5.67 M ETH and staking 4.88 M ETH, which could drive billions of institutional funds into Ethereum exposure.

  29. 3 months ago

    [TECHNOLOGY] 2 sources
    Ethereum Whale Activity Signals Deep Losses Amid Price Decline

    Ethereum whales hold unrealized losses for the first time since 2019, while a major whale opened a $19.7 M short near $1,500 support, betting on further price declines.

  30. 3 months ago

    [BUSINESS] 6 sources
    Bitmine Immersion Technologies adds $92 million of Ethereum, now holds 4.7% of circulating supply

    Bitmine Immersion Technologies bought $92 million of ETH, bringing its holdings to 4.7% of supply and supporting its dividend‑paying preferred stock through staking revenue.

  31. 3 months ago

    [BUSINESS] 4 sources
    Ethereum slides below $1,700 as ETF outflows curb market sentiment

    Ethereum fell to about $1,670, pressured by $66‑$82 million of spot ETF outflows and low open interest; analysts watch $1,750‑$1,800 resistance while Bitmine added $92 million of ETH.

  32. 3 months ago

    [TECHNOLOGY] 7 sources
    Ethereum slides 43% YTD as $1,800 resistance holds and traders watch support zones

    Ethereum is down 43% YTD, trapped below $1,800 resistance, with RSI ~40, $1,400 support, mixed whale shorts vs. 73% long positions, and key short‑term support near $1,747.

  33. 3 months ago

    [TECHNOLOGY] 4 sources
    Bitcoin miners pivot to AI and tokenized assets as Bitmine launches preferred stock dividend

    Bitmine declared a 9.5% perpetual preferred stock dividend as Bitcoin miners turn to AI infrastructure; Nvidia plans a $20 bn bond, tokenized assets hit $43 bn, Ripple backs Flutterwave, and Sam Bankman‑Fried’s

  34. 3 months ago

    [BUSINESS] 3 sources
    BitMine's Ethereum Treasury Nears 5% of Supply, Valued at $10 B

    BitMine added 76,881 ETH, raising its holdings to 5.62 million (≈4.66% of supply) and valuing the portfolio at $10.2 billion, while staking over 4.1 million ETH for yield amid a crypto bear market.

  35. 3 months ago

    [BUSINESS] 2 sources
    Ethereum nears $1,800 as BitMine expands holdings, Hedera token rallies

    Ethereum climbs toward $1,800 as BitMine adds 76,881 ETH; Hedera’s HBAR jumps 7.7% to $0.0835, hinting at further gains.

  36. 3 months ago

    [BUSINESS] 7 sources
    Ethereum price hovers near $1,770 as traders await breakout

    Ethereum trades near $1,770, trapped between $1,754 support and $1,798 resistance. Bears dominate on daily charts, while brief whale buying and ETF outflows keep the outlook cautious.

  37. 3 months ago

    [BUSINESS] 3 sources
    Bitmine Immersion Technologies Lists Preferred Stock on NYSE, Announces Dividends

    Bitmine Immersion Technologies announced its 9.5% Series A perpetual preferred stock will list on NYSE under BMNP on June 16 2026, with an initial dividend of $0.316667 per share payable June 22 and a second $0

  38. 3 months ago

    [TECHNOLOGY] 3 sources
    Ethereum faces price pressure as Bitmine scales back large ETH purchases amid broader crypto market gains

    Bitmine’s >5.5 M ETH holdings (≈4.6 % supply) may halt aggressive buying, threatening ETH price, while Bitcoin sits at $63.8 k and Ethereum at $1.67 k with record staking tightening supply.

  39. 3 months ago

    [BUSINESS] 2 sources
    BitMine nears 5% of Ethereum supply with $205 million purchase

    BitMine bought 25,000 ETH (~$41 M), lifting its holdings to about 5.54 M ETH (~4.6% of supply) and edging toward a 5% target, even as Ethereum’s price fell 44% this year and the firm faces large unrealized net‑

  40. 3 months ago

    [BUSINESS] 4 sources
    Ethereum price holds above $1,500 as bearish pressure builds

    Ethereum hovers above $1,500 support; a drop below could lead to $1,260, while a $700 Delta Price signals deeper risk. Bitmine owns ~4.6% of supply; the foundation holds 0.16% and prioritises longevity.

  41. 3 months ago

    [BUSINESS] 2 sources
    Bitmine expands Ethereum holdings despite $10 billion unrealized loss

    Bitmine added 25,000 ETH, raising its holdings to 5.54 million (≈4.6 % of supply) despite over $10 billion in unrealized losses and cites AI‑driven demand and staking revenue.

  42. 3 months ago

    [BUSINESS] 6 sources
    BitMine expands Ethereum holdings with largest purchase of the year

    BitMine bought 126,971 ETH, raising its holdings to 5.5 million (≈4.6% of supply) despite a $9.7 bn unrealized loss, citing fundamentals and AI‑driven demand.

  43. 3 months ago

    [TECHNOLOGY] 11 sources
    Ethereum price falls to 7‑year low amid volatility and whale trading

    Ethereum drops to a 7‑year low near $1,500‑$1,600; institutional funds fail to stabilize, a major whale sells $188 M then buys back lower, BitMine adds $214 M, and a short‑liquidation imbalance hints at a short

  44. 3 months ago

    [TECHNOLOGY] 2 sources
    Ethereum price nears $1,600 support; potential rebound to $1,800‑$1,950

    Ethereum fell to $1,600, triggering a TD Sequential buy signal; support could spur a rise to $1,800‑$1,950. Bitmine holds 5.42 M ETH and seeks SEC approval for a dividend‑bearing Series A preferred stock.

  45. 3 months ago

    [BUSINESS] 2 sources
    BitMine raises $273M, buys ETH, hits 92% of accumulation goal

    BitMine raised $273 million via a preferred‑stock offering and bought 127,000 ETH, reaching 92% of its accumulation target and expanding its $9.6 billion crypto treasury.

  46. 3 months ago

    [BUSINESS] 2 sources
    Bitmine Immersion Technologies secures $280 million Series A preferred stock to expand Ethereum infrastructure

    Bitmine Immersion Technologies priced a $280 million Series A perpetual preferred stock offering at $80 per share, earmarking the funds for Ethereum‑related GPU infrastructure and staking expansion.

  47. 4 months ago

    [BUSINESS] 8 sources
    Bitmine Immersion Technologies Launches $300M Series A Perpetual Preferred Stock Offering

    Bitmine Immersion Technologies is raising about $300 million via a 9.5% Series A perpetual preferred stock, pricing at $80 per share for 3.5 million shares, to fund further ETH purchases, staking infrastructure

  48. 4 months ago

    [BUSINESS] 5 sources
    Bitmine expands Ethereum holdings, targeting 5% of supply despite price dip

    Bitmine now holds over 5.4 M ETH (~$10.5 B), aiming for 5 % of supply by 2026, and keeps buying despite a price dip.

  49. 4 months ago

    [BUSINESS] 4 sources
    Bitmine adds over 25,000 ETH to its treasury, pushing holdings toward 5% of supply

    Bitmine bought 26,497 ETH ($53 m) and earlier 25,000 ETH ($50.5 m), raising its holdings to 5.4 million ETH (~4.5 % of supply) as it targets >5 % by year‑end, highlighting strong institutional confidence.

  50. 4 months ago

    [BUSINESS] 3 sources
    BitMine acquires 111,942 ETH for $237 million, now holds about 4.5% of supply

    BitMine bought 111,942 ETH for $237 million, raising its stake to about 4.5% of total supply and signaling strong institutional conviction amid weak prices.

  51. 4 months ago

    [TECHNOLOGY] 5 sources
    Ethereum price drop threatens Bitmine's $10 billion paper loss

    Ethereum fell below $2,100, with $1,600 as key support. Bitmine's 5.28 million ETH stake could incur up to $10 billion unrealized loss, though staking yields $289 million annually.

  52. 4 months ago

    [BUSINESS] 2 sources
    BitMine added to Russell indices as its Ethereum holdings drive market‑cap surge

    BitMine (BMNR) joins the Russell 3000 and is slated for Russell 1000 after its market cap tops $5.7 bn, driven by its 5.3 m ETH holdings, boosting institutional exposure to the crypto‑linked stock.

  53. 4 months ago

    [BUSINESS] 2 sources
    BitMine adds $126 M of Ethereum, eyes Russell 1000 index inclusion

    BitMine bought $126 M of ETH, raising its holdings to over 5.2 M ETH and positioning the firm for inclusion in the Russell 1000, linking crypto treasury moves to mainstream equity indexes.

  54. 4 months ago

    [BUSINESS] 5 sources
    BitMine boosts Ethereum holdings amid price dip

    BitMine bought $151 million of ETH as prices fell, raising its total to 5.28 million ETH and betting on a crypto spring.

  55. 4 months ago

    [BUSINESS] 30 sources
    Ethereum and Bitcoin Hover Near Critical Support Levels

    Ethereum steadies near $2.2k support amid ETF outflows, while Bitcoin slides below $78k, testing $74.9k support and $82k resistance.

  56. 5 months ago

    [BUSINESS] 2 sources
    Bitmine Immersion Technologies reports record ETH holdings, assets total $13.3 billion

    BMNR reports a record ETH stake of 5.078 million tokens and total crypto and cash assets of $13.3 billion as of April 29, 2026.

  57. 5 months ago

    [BUSINESS] 2 sources
    BitMine stock confronts Ethereum-driven losses amid strategic shift to staking

    BitMine reports Ethereum-related losses while pursuing staking-driven growth with high margins.

  58. 5 months ago

    [BUSINESS] 2 sources
    Blue Sky Capital Expands Holdings in BitMine Immersion Technologies, Inc.

    Blue Sky Capital boosts BitMine stake 340.5% to 95,799 shares in Q4 13F filing.

Sources

247wallst · abmedia.io · ad-hoc-news · ad-hoc-news.de · aktiencheck · aktienkurs-orderbuch.finanznachrichten.de · ambcrypto.com · analyticsinsight.net · antaranews.com · arecoa.com · avronline.de · bitcoinaddict.org · bitcoinethereumnews.com · bitcoinist.com · bitcoinsistemi.com · bitfinanzas.com · bitnewsbot.com · blockcast.cc · blockcast.it · blockchain-hero.com · blockchainmagazine.net · blockchainreporter.net · blockchainseoul.kr · blockmedia.co.kr · blockonomi.com · blocktempo.com · blockzeit.com · blogtienao.com · bpmoney.com.br · brca.org · btc-echo.de · btcmanager.com · businessmodelanalyst.com · bygumbygolly.com · cahighways.org · canceractive.com · captainaltcoin.com · chainwire.org · charlesyang.substack.com · coin-turk.com · coincu.com · coindeskjapan.com · coinedition.com · coinfomania.com · coingape.com · coinidol.com · coinkurier.de · coinotag.com

This summary has been updated 12 times: see revision history