Bitmine adds 28,086 ETH, nearing 5% of Ethereum supply

Bitmine adds 28,086 ETH to its treasury

Bitmine Immersion Technologies announced it bought 28,086 Ether (ETH) last week, worth roughly $69.5 million.

The purchase raises the company’s total ETH holdings to 5.93 million, which represents about 4.9 % of the 120.7 million Ether circulating supply.

Key numbers

• 28,086 ETH purchased
• Total ETH holdings: 5.93 million
• Average acquisition price: $2,495 per ETH
• Company assets: $15.7 billion
• Unrealized loss on ETH: $5.1 billion

Official announcement

The purchase was detailed in a press release posted on PR Newswire, which listed the current ETH holdings and the company’s goal to acquire 5 % of the total supply.

Additional data

Dropstab data shows the company’s ETH position has an unrealized loss of $5.1 billion after Ether’s price fell 16 % since the start of 2026, trading at $2,469 at the time of reporting.

BMNR, the NYSE‑traded ticker for Bitmine, opened more than 2 % lower on the same day.

What is confirmed

Bitmine bought 28,086 ETH, bringing its total to 5.93 million ETH and achieving 97 % of its 5 % supply target. The company’s total assets are $15.7 billion, and it holds 5.1 million ETH in staking, earning expected.

Potential impact

Holding nearly 5 % of Ether makes Bitmine the largest publicly listed Ether treasury, which could affect its balance sheet and stock price, especially as ETH prices change.

Sources

• Cointelegraph