Bitmine’s Ethereum Holdings Cross 4% Milestone After Latest Weekly Accumulation
Bitmine's Ethereum holdings now exceed 4% of the total supply after a significant weekly accumulation, moving closer to its 5% target.Summary
Bitmine Immersion Technologies has significantly increased its Ethereum holdings, surpassing 4% of the total ETH supply following an accelerated accumulation strategy. The company acquired 71,524 ETH in the past week, marking its fastest buying pace since December 2025. This brings Bitmine's total ETH holdings to approximately 4.87 million, putting them 81% of the way towards their 5% target, which they aim to achieve nine months after launching their ETH treasury strategy. Beyond Ethereum, Bitmine also holds 198 Bitcoin, equity stakes in Beast Industries and Eightco Holdings, and substantial cash reserves. Chairman Thomas Lee views Ethereum as a 'wartime store of value,' noting its outperformance against the S&P 500 and gold amid geopolitical conflict. The recent accumulation coincides with a broader market rebound, though Bitmine's crypto holdings still show significant unrealized losses exceeding $6 billion.
(Source：BeInCrypto)