BitMine Nears 5% of Ethereum Supply After Adding 28,086 ETH

By Isaac • September 14, 2026 11:26 am •

BitMine is almost at the finish line of one of the most aggressive corporate crypto accumulation plans ever attempted.

A new BitMine filing with the Securities and Exchange Commission says the company acquired another 28,086 ETH during the week ending September 7. That pushed its holdings to 5,929,198 ETH, valued in the filing at $2,495 per token.

The bigger number is the share of the network. BitMine says its treasury now represents 4.9% of an estimated 122 million ETH supply, leaving it just one tenth of a percentage point short of Chairman Tom Lee’s stated goal of owning 5%.

This was not a one-off purchase timed around a single price move. The company says it has