BitMine’s Ethereum Treasury Hits 6 Million ETH as Its 5% Target Comes Into View

By Isaac • October 5, 2026 11:24 am •

BitMine has pushed its Ethereum treasury past 6 million ETH, bringing the company within a fraction of its long-stated goal of controlling 5% of the network’s supply.

BitMine said it owned 6,016,414 ETH as of Sunday evening. The company added 15,112 ETH during the week, a purchase worth roughly $41 million at the reference price used in the announcement.

That leaves BitMine at 4.9% of Ethereum’s stated 122.1 million-token supply. Put another way, the company says it is 99% of the way to what chairman Tom Lee calls the “Alchemy of 5%.” It reached that point only 15 months after launching its Ethereum treasury strategy on June 30, 2025.

The official snapshot was taken at 6:30