Bitmine Immersion Technologies has purchased an additional 15,112 Ethereum for approximately $41 million. This acquisition brings the company's total holdings to 6,016,414 ETH, which is valued at roughly $16.4 billion based on a reference price of $2,726 per coin.
The company now controls 4.9% of the total Ethereum supply of 122.1 million tokens. This progress puts Bitmine at 99% of its 'Alchemy of 5%' goal, a target it has pursued over the last 15 months since launching its treasury strategy on June 30, 2025.
As of Saturday, Bitmine's total treasury reached $17.4 billion, including 214 Bitcoin, $643 million in cash and securities, a $180 million stake in Beast Industries, and a $117 million position in Eightco Holdings.
Bitmine currently operates the largest Ethereum treasury globally and ranks as the second-largest crypto treasury overall. The firm continues to generate staking income, with 5,067,309 ETH staked via its MAVAN platform, projecting an annualized revenue of about $363 million.
