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CryptoMediumUpdated•Originally published 24 June 2026•Updated 24 June 2026•

1 min read

BitMine Targets 5% of Total Ethereum Supply in Bold Treasury Strategy

A cracked metal vault labeled Bitmine containing Ethereum blocks, with a gauge showing a $9 billion loss.

Key Facts

1BitMine is pursuing a strategy to hold nearly 5% of the total Ethereum supply in its treasury.

In a move reflecting the growing corporate trend of adopting digital assets as strategic reserves, BitMine has announced an ambitious plan to acquire nearly 5% of the total Ethereum supply for its treasury. According to reports, the company aims to leverage this strategy to influence ETH market dynamics. This initiative could potentially create a supply squeeze, although it simultaneously introduces significant risks related to asset concentration and central points of failure.

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This strategy follows a precedent set by major institutions like MicroStrategy, which currently holds over 1% of the total Bitcoin (BTC) supply per market data and recent financial filings. Compared to other mining and AI firms, BitMine’s 5% target for Ethereum represents a radical shift in the scale of institutional accumulation, as this percentage exceeds the holdings of most current spot Ethereum ETFs.

Traders should closely monitor Ethereum liquidity levels, with ETH priced at $3,480.25 (close June 23, 2026) according to market data. Looking ahead, the Japanese Inflation Rate (CPI) data scheduled for June 18, 2026, could impact global risk appetite in digital asset markets, potentially affecting the pace of BitMine’s aggressive accumulation strategy.