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CryptoMediumUpdated×8•Originally published 17 August 2026•Updated 18 August 2026•
1 min read

Bitmine Immersion Nears 'Alchemy of 5%' Goal with 4.8% Stake in Total ETH Supply

Tom Lee behind a machine with a vault of Ethereum coins and silver bars on a textured orange background.

Key Facts

1Bitmine Immersion announced its total crypto and cash holdings have reached $11.4 billion.
2The company holds 5.82 million ETH tokens, representing 4.8% of the total ETH supply.
3The company's MAVAN platform projects annualized staking revenues of $250 million.

In a significant acceleration of its digital treasury strategy, Bitmine Immersion has reached 96% of its 'Alchemy of 5%' strategic goal in just 14 months, far outpacing original timelines. According to reports, the company now controls 4.8% of the total 120.7 million Ethereum supply, following the acquisition of an additional 9,926 tokens that brought its total holdings to 5.82 million ETH, valued at approximately $11.4 billion.

This strategic milestone coincides with the completion of a 1.7 million share buyback program executed between August 10 and August 14, 2026, strengthening the firm's capital structure alongside its crypto expansion. Bitmine has also scaled its staked Ethereum on the MAVAN platform to over 5 million units to hit a $250 million annual revenue target, while per market data, US Core Inflation remained steady at 2.5% as of August 12, 2026.

Investors are tracking price sustainability after the stock traded at $18 on August 17, 2026, focusing on the final 4% gap remaining to fulfill the 'Alchemy' objective. With the Fed Hammack speech on August 10 still impacting liquidity sentiment, the market is watching whether the rapid achievement of these treasury goals will trigger further valuation re-ratings despite crypto sector volatility.