By Isaac • August 17, 2026 11:15 am •
BitMine’s Ethereum treasury is no longer merely large. It is now close enough to the company’s audacious end goal that every weekly purchase changes the countdown.
The company added 9,926 ETH during the latest week, lifting its total holdings to 5,815,164 ETH. At the $1,893 reference price used in BitMine’s August 17 update, that pile was worth roughly $11 billion.
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More important than the dollar value is the share of the network. BitMine now controls about 4.8% of Ethereum’s estimated 120.7 million-token supply.
That puts the company within roughly 220,000 ETH of its stated goal: owning 5% of all Ethereum.
According to BitMine, its crypto and so-called moonshot portfolio totaled $11.4 billion. In addition to 5,815,164
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