Bitmine Accumulates 5,901,112 ETH, Close to 5% of Total Supply
By: www.criptonoticias.com|2026/09/02 15:33:56
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Bitmine Immersion Technologies has acquired 53,501 ETH in the last week, reaching a total of 5,901,112 ETH. This represents 4.88% of the circulating supply of ether (ETH), which is 120.7 million ETH. The company has been purchasing ETH every week for the past 65 weeks since June 30, 2025, maintaining a steady accumulation pace. Additionally, Bitmine has 5,067,309 ETH staked, which accounts for 86% of its balance and represents $12.7 billion. Thomas Lee, president of Bitmine, highlighted that ETH is the top-performing macro asset in the last month and that the three best-performing assets since June 30 are ETH, bitcoin (BTC), and solana (SOL). Lee also mentioned that this accumulation could facilitate an increase in cryptocurrency holdings by institutions.
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