BitMine is now 133,900 ETH short of its 5% treasury goal

BitMine Immersion Technologies added another 53,501 Ethereum [ETH] to its treasury last week, bringing its total holdings to 5.90 million ETH.

The company now controls approximately 4.9% of Ethereum’s supply, and it needs about 133,900 more to reach its long-standing target of owning 5%.

BitMine closes in on 5% target

BitMine held 5,901,112 ETH as of August 30, according to the latest weekly update it made available.

BitMine said it has reached 98% of the way towards the goal of owning 5%. The company has purchased ETH during each of the 65 weeks since launching its treasury strategy in June 2025.

With the latest buy, and at the latest weekly pace, the remaining gap represents about two and a half weeks of purchases. But BitMine has not provided a date for reaching the target, and future acquisitions may vary.

Its ETH was worth approximately $14.8 billion according to the company’s stated price of $2,511.

BitMine also has 211 Bitcoin, $541 million in cash and marketable securities, and investments in Beast Industries and Eightco, bringing all its holdings to $15.6 billion, up from $14.9 billion one week earlier.

The additional ETH accounts for only about $134 million of that increase because Ethereum’s higher price and a $233 million rise in cash and marketable securities supplied much of the remaining growth.

Most of BitMine’s ETH is earning rewards

BitMine has placed 5.07 million ETH, around 86% of its treasury, in staking programmes, and it estimates that this could generate approximately $335 million in annualized revenue.

The amount staked changed little from the previous week, and the estimated revenue increased slightly because of changes in the stated yield and ETH price.

BitMine Chairman Tom Lee expects institutional demand for crypto to strengthen during the final months of 2026. He also predicted that tokenization and artificial-intelligence applications would increase Ethereum’s use.

Final Summary

• BitMine added 53,501 ETH, taking its treasury to 5,901,112 ETH.
• The company needs approximately 133,900 more ETH to reach its 5% ownership target.