BitMine Is Closing In On A Crypto Milestone Few Companies Have Ever Touched

By Isaac • August 17, 2026 11:06 pm •

BitMine Immersion Technologies is now close enough to its biggest Ethereum goal that the remaining gap is getting hard to ignore.

The company added another 9,926 ETH during the week ending August 16, bringing its total holdings to 5,815,164 ETH. That is about 4.8% of Ethereum’s circulating supply—and roughly 96% of the way to BitMine’s self-described “Alchemy of 5%” target.

The purchase was worth about $19 million at current prices. More important than the one-week dollar figure, though, is the sheer scale of the treasury BitMine has assembled in just over a year.

Tom Lee’s Bitmine Buys Another $19 Million in Ethereum as Stash Nears 5% of Total Supplyhttps://t.co/wdp6JPcLpn

— Decrypt (@DecryptMedia) August 17, 2026