By Isaac • September 8, 2026 11:22 pm •
BitMine Immersion Technologies added another 28,086 Ether to its balance sheet last week, taking its total Ethereum holdings to 5,929,198 ETH.
By BitMine’s count, the company now owns roughly 4.9% of Ethereum’s reported 122 million-token supply. It is 97% of the way toward its “Alchemy of 5%” target.
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The BitMine company announcement values the latest weekly addition at about $70 million using a reference price of $2,495 per ETH. The company did not disclose the exact execution price it paid.
BitMine’s official account also highlighted the market case behind the strategy, including adviser Tom DeMark’s view that Ether could resume its recent upward move. His technical forecast helps explain why the company is still accumulating this
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