EL7.AI
CryptoMediumUpdated×6•Originally published 8 September 2026•Updated 9 September 2026•
1 min read

Bitmine Nears 5% of Ethereum Supply After 28,086 ETH Purchase

Man in a suit next to a large Ethereum logo, a vault of coins, and a sign reading Bitmine on an orange background.

Key Facts

1Bitmine purchased an additional 28,086 ETH, bringing its total treasury to 5.93 million tokens.
2The company now controls approximately 4.9% of the total circulating supply of Ethereum.
3The market value of Bitmine's Ethereum treasury is approximately $14.8 billion.

In a move reflecting the ongoing institutional shift toward major digital assets, Bitmine Immersion Technologies has strengthened its position in the crypto market by purchasing an additional 28,086 Ethereum tokens. According to reports, this transaction brought the company's total reserves to 5.93 million tokens, positioning it as a strategic global holder. This acquisition is part of a sustained accumulation strategy aimed at consolidating the firm's influence within the Ethereum ecosystem.

Bitmine now controls approximately 4.9% of the total circulating supply of Ethereum, with its total strategic assets reaching a value of $15 billion. According to Coinbase data, the company's Ethereum holdings were valued at $2,495 per unit. Within the broader market context per market data, this institutional accumulation reduces the liquid supply available for trading, continuing a trend observed over the past six days.

Traders should monitor the impact of this ownership concentration on market liquidity, with ETH priced at $2,495 (intraday, September 8, 2026). Looking at the economic calendar, there are no upcoming catalysts directly related to digital assets; however, global employment and inflation data released earlier this month may continue to influence general market risk appetite.

Latest Updates · 2

  1. Notable·

    Update: BitMine has confirmed it has now achieved 97% of its strategic goal to own 5% of the total circulating Ethereum supply. To reach this final milestone, the company disclosed that it requires an additional 170,802 ETH tokens.

  2. Notable·

    Update: According to reports on September 8, 2026, Ethereum is holding its price level above $2,460. This price stability coincides with Bitmine nearing its strategic goal of owning 5% of the total circulating supply.