BitMine said it purchased another 53,501 ETH over the past week, extending an accumulation strategy that has pushed its Ethereum treasury to 5,901,112 ETH. Based on a circulating supply of 120.7 million ETH cited by the company, that holding represents about 4.9% of all ether currently in circulation.

At roughly $2,500 per ETH, the company’s Ethereum position is valued at nearly $15 billion. BitMine said the latest increase leaves it 98% of the way toward its stated “Alchemy of 5%” objective of owning 5% of Ethereum’s total supply.

Another week of large ETH purchases

The latest weekly purchase was larger than the 32,447 ETH BitMine reported the previous week. Across the last two weeks, the company’s disclosed buying totals about 86,000 ETH, underscoring the pace of its treasury buildout.

BitMine said it has now maintained a weekly buying pattern for 65 straight weeks since launching its Ethereum treasury strategy on June 30, 2025. The firm described itself as the largest corporate holder of ETH and the second-largest crypto treasury entity overall, behind Strategy.

Most of the treasury is staked

BitMine also said 5,067,309 ETH, or roughly 86% of its ether holdings, is currently staked. At current prices, that staked portion is worth about $12.7 billion.

Using a seven-day annualized yield of 2.63%, the company estimated that its staking activity could generate about $335 million in annualized revenue. That figure was presented as an estimate tied to prevailing yields and current market value.

Total treasury rises to about $15.6 billion

Beyond ether, BitMine said its combined crypto, cash, marketable securities and other investments total about $15.6 billion, up from $14.9 billion a week earlier.

The broader treasury includes 211 BTC, along with $541 million in cash and marketable securities. BitMine also listed investments in Beast Industries and Eighto among its holdings.

What comes next

The next confirmed milestone is the company’s stated goal of reaching 5% of Ethereum’s supply. With 5,901,112 ETH on hand and BitMine placing itself at 98% of that target, future weekly treasury updates will show whether it closes the remaining gap.

For now, the company’s disclosures point to the same core strategy: continued weekly ETH accumulation combined with staking a large share of the treasury to produce yield while its overall asset base expands.

Source: cryptopotato.com