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- BitMine Immersion Technologies purchased another $19 million worth of Ethereum, extending its weekly buying streak.
- The company now holds approximately 5.78 million ETH, equal to about 4.8% of Ethereum’s total circulating supply.
- Backed by firms including ARK Invest, Galaxy Digital, Pantera, and Founders Fund, BitMine is closing in on its goal of owning 5% of all ETH.
BitMine Immersion Technologies has expanded its Ethereum treasury once again, purchasing another $19 million worth of ETH as it continues one of the crypto industry’s most aggressive accumulation strategies.
The latest acquisition extends a streak of weekly Ethereum purchases that began after the company launched its ETH Treasury Strategy in June 2025.
While the purchase itself is relatively modest compared with some of BitMine’s earlier acquisitions, it brings the company even closer to an ambitious milestone that few corporate treasuries have attempted.
BitMine Nears Ownership of 5% of Ethereum
Following the latest purchase, BitMine now holds approximately 5.78 million ETH, representing roughly 4.8% of Ethereum’s total supply.
That makes the company the world’s largest publicly known corporate holder of Ethereum by a considerable margin.
Management has previously stated that its long-term objective is to accumulate 5% of the entire ETH supply, a target that could be reached if the current pace of acquisitions continues over the coming weeks.
Staking Strategy Sets BitMine Apart
Unlike many corporate crypto treasuries that simply hold digital assets, BitMine has integrated staking into its strategy.
The company has staked more than 4.9 million ETH, allowing its holdings to generate yield while simultaneously helping secure the Ethereum network.
By combining regular purchases with staking rewards, BitMine is building a treasury strategy designed to increase long-term exposure while producing additional returns on its Ethereum position.
Institutional Investors Continue Backing the Company
BitMine’s Ethereum-focused strategy has attracted support from several prominent investment firms.
Its institutional backers include ARK Invest, Galaxy Digital, Pantera, and Founders Fund, all well-known investors in emerging technologies and digital assets.
The involvement of these firms has helped reinforce confidence in BitMine’s long-term strategy as institutional interest in Ethereum continues to expand.
Ethereum Treasury Trend Continues to Grow
BitMine’s latest purchase reflects a broader trend of companies increasingly viewing Ethereum as a strategic treasury asset alongside Bitcoin.
With approximately $11.5 billion in combined crypto and cash holdings—including 207 BTC—Ethereum has become the clear centerpiece of BitMine’s balance sheet.
As the company edges closer to controlling 5% of Ethereum’s supply, investors will be watching to see whether its accumulation strategy inspires other corporations to pursue similar ETH-focused treasury models.
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