Bitmine Buys $41M More Ethereum, Reaching 99% of Its 'Alchemy of 5%' Target
Summary
Bitmine bought 15,112 ETH, worth about $41 million, bringing its holdings to 6,016,414 ETH, or 4.9% of the token supply. The company says it is 99% of the way to its 5% ownership target and has purchased ETH weekly since launching its treasury strategy in June 2025. Its total assets, including cash, other tokens and equity investments, reached $17.4 billion. Bitmine also has about 84% of its ETH staked, with projected annualized staking revenue of roughly $363 million. Chairman Tom Lee said a crypto bull market is underway.
