UPDATE: Bitmine holds 6,051,933 ETH worth $14.3B after latest buy
CIE News ·
Update to Bitmine adds 10,452 ETH as total investments reach $15 billion
Based on reporting by Decrypt; not yet independently confirmed.
Bitmine spent $24 million on its latest 10,452 ETH purchase, lifting its holdings to 6,051,933 ETH valued at $14.3 billion. The company now controls 4.95% of Ethereum's total supply.
Bitmine Immersion Technologies spent roughly $24 million on its latest addition of 10,452 Ethereum (ETH), according to Decrypt. As previously reported, the company expanded its holdings to 6,051,933 ETH, which are valued at approximately $14.3 billion based on a reference price of $2,356 per token.
The updated total represents 4.95% of the 122.2 million ETH circulating supply, Decrypt reported. Bitmine stated that this brings the company 99% of the way toward its stated target of owning 5% of the entire Ethereum network, a strategy it refers to as the Alchemy of 5%.
Chairman Tom Lee said the firm plans to halt purchases once it reaches the 5% threshold. Counting cash and other assets, Bitmine's total holdings stood at $15 billion as of October 25, 2026, with 5,227,037 ETH staked through its MAVAN platform.
Key facts
- $24M spent on 10,452 ETH
- 6,051,933 ETH total holdings
- $14.3B total ETH value
- 4.95% of Ethereum supply