Bitmine Adds 8,573 ETH as Its Treasury Nears 5% of Supply

By Isaac • November 2, 2026 11:19 pm •

Bitmine has added another 8,573 ETH to its treasury, taking its total position above 6.06 million tokens and putting the company within striking distance of its goal to own 5% of Ethereum’s supply.

The weekly purchase was smaller than several of Bitmine’s recent additions, but the milestone is the real story. Few public companies have concentrated this much exposure in a single blockchain asset, and an increasing share of that position is now tied to staking operations.

Decrypt reported that Bitmine held 6,060,506 ETH as of November 1. Using the company’s stated 122.2 million-token supply figure, that equals about 4.9% of all ETH.

The company valued the position at roughly $13.7 billion based on an ETH