By Isaac • October 12, 2026 11:10 am •
BitMine’s Ethereum treasury has crossed 6.02 million ETH, putting the company within striking distance of a target that once sounded almost absurd: owning 5% of the entire supply.
The latest purchase was not enormous by BitMine’s standards. The company added 12,532 ETH over the past week.
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That addition leaves the balance sheet near a historic concentration point—and exposes the broader bet chairman Tom Lee says sits behind it.
BitMine reported 6,028,946 ETH in its October 12 holdings release, valued at $2,544 per token. That equals about 4.9% of Ethereum’s stated 122.1 million supply.
The company says that puts it 99% of the way to its “Alchemy of 5%” objective.
BitMine also reported 214 Bitcoin and $612
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