Bitmine’s ETH Reserve Tops 6 Million Tokens

Bitmine Immersion Technologies has increased its Ethereum treasury with the acquisition of 9,587 ETH valued at approximately $20.4 million, according to Crypto Economy. The purchase lifted the company’s reported holdings to 6.07 million ETH, equivalent to about 4.97% of Ethereum’s circulating supply. Decrypt also describes the transaction as roughly $20 million and says the new position places Bitmine 99% of the way toward its stated “Alchemy of 5%” goal. The reserve is already being used for staking. Crypto Economy reports that 5.23 million ETH was staked, generating an estimated $309 million in rewards. That leaves a large majority of the reported treasury in a mechanism intended to produce network rewards, although the supplied coverage does not specify a current reward rate or the period over which the estimate was calculated. The three outlets agree on the headline development and the 6.07 million ETH balance. Crypto Economy and Decrypt corroborate the approximately $20 million purchase and the near-5% supply share, while Crypto Daily’s headline separately cites $14.3 billion in total crypto holdings and total cash and marketable securities. Beyond those shared and differing figures, the coverage emphasizes different aspects: Crypto Economy focuses on staking and the scale of the treasury, while Decrypt gives prominence to the 5% objective and Tom Lee’s interpretation of Vitalik Buterin’s comments that ETH is money. Bitmine’s holdings now sit alongside Ethereum’s broader market position, with ETH carrying a live market capitalization of $260.56 billion. The company’s reported 4.97% stake is therefore large relative to the asset’s circulating supply, while its staking activity provides an additional mechanism connecting the treasury to Ethereum’s proof-of-stake system. Crypto Daily’s $14.3 billion headline figure places the ETH position within a broader company-wide holdings and liquidity disclosure. Ethereum is trading at $2,132.15, up 0.63% over 24 hours but down 5.33% over seven days. The total crypto market capitalization stands at $2.57 trillion, with the overall market described as flat, Bitcoin is up 0.87% over 24 hours, and the Fear & Greed Index reads 32, indicating Fear. The relevant developments to monitor are Bitmine’s distance from its 5% target, any additional ETH accumulation or staking changes, and whether the $14.3 billion combined holdings figure reported by Crypto Daily is detailed further.