🚨 BitMine’s ETH holdings exceed 6 million!
Account for 4.9% of total supply—just one step away from the “5% target”🔥
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点击进入玖玖短线策略群In Ethereum’s institutional narrative, yet another extremely astonishing figure has emerged.
BitMine Immersion Technologies’ latest weekly report shows that as of September 27, the company held 6,001,302 ETH. Based on an Ethereum supply of about 122.1 million, this represents 4.9%.
In other words, relative to the company’s stated goal of “holding 5% of total ETH supply,” it has already achieved about 98%. 🚀
Even more noteworthy is that this isn’t just ETH sitting in a wallet.
🔥 BitMine has currently staked approximately 5.067 million ETH—about 84% of its total ETH holdings. According to the company’s provided data, the expected annualized staking income is around $358 million.
If it stakes additional ETH later and applies the mentioned 2.62% seven-day yield rate, the annualized staking income could potentially rise further to about $424 million. This suggests BitMine is trying to turn “a large amount of held ETH” into “ETH assets that continuously generate returns.”
📈 And its ETH treasury keeps expanding.
This latest breakthrough beyond 6 million ETH, compared with the previous figure of roughly 5.98 million ETH, adds more ETH.
The company’s total value of overall crypto assets, cash, marketable securities, and equity holdings has now reached about $17.2 billion.
Besides ETH, BitMine also holds 213 BTC and shares in Beast Industries and Eightco Holdings, while owning about $672 million in cash and marketable securities.
In other words, BitMine is gradually forming a diversified asset vault centered on ETH, while also allocating to BTC and traditional assets.
👀 But what the market should truly pay attention to is the “5%” number.
If a listed company ultimately holds 5% of Ethereum’s total supply, that means a substantial portion of ETH will be concentrated on a single institution’s balance sheet.
For Ethereum, this could both strengthen the narrative of institutional capital entering the space—and also means the market needs
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