BitMine’s ETH holdings surpass 6 million coins, just 2% away from its 5% target
BitMine disclosed on September 28: it bought another 17,362 ETH over the past week, bringing its total holdings to 6,001,302 ETH, or 4.9% of ETH’s total supply (122.1 million ETH).
Key figures:
- About 104,000 ETH short of its “Alchemy of 5%” target, completion rate 98%
- Staked 5.067 million ETH (84% of its holdings), with annualized staking income projected at $358 million
- Treasury total assets of $17.2 billion (as of September 27)
- Since the strategy was launched at the end of June 2025, it has bought every week—accumulating 6 million coins over 15 months
Worth noting is that the buying pace has slowed: this week it purchased 17,362 ETH, down 37% from 27,562 ETH last week. The closer it gets to the target, the harder BitMine’s next move becomes—keep adding more, preserve cash, repurchase shares, or rely on staking income?
BitMine disclosed on September 28: it bought another 17,362 ETH over the past week, bringing its total holdings to 6,001,302 ETH, or 4.9% of ETH’s total supply (122.1 million ETH).
Key figures:
- About 104,000 ETH short of its “Alchemy of 5%” target, completion rate 98%
- Staked 5.067 million ETH (84% of its holdings), with annualized staking income projected at $358 million
- Treasury total assets of $17.2 billion (as of September 27)
- Since the strategy was launched at the end of June 2025, it has bought every week—accumulating 6 million coins over 15 months
Worth noting is that the buying pace has slowed: this week it purchased 17,362 ETH, down 37% from 27,562 ETH last week. The closer it gets to the target, the harder BitMine’s next move becomes—keep adding more, preserve cash, repurchase shares, or rely on staking income?