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Bitmine Accumulates 5.8 Million ETH, Approaches 5% of Total Supply

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FOMOGRAM Editorial Desk
Aug 3, 2026
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Bitmine Accumulates 5.8 Million ETH, Approaches 5% of Total Supply
EXECUTIVE SUMMARY

Bitmine Immersion Technologies announced on Monday that its cryptocurrency treasury has reached $11.3 billion, following an increase in its Ethereum holdings to nearly 5.8 million ETH. This positions the company within close range of acquiring 5% of the total supply of the cryptocurrency. The company reported that its holdings amounted to 5,797,813 ETH as of [...]

Bitmine Immersion Technologies announced on Monday that its cryptocurrency treasury has reached $11.3 billion, following an increase in its Ethereum holdings to nearly 5.8 million ETH. This positions the company within close range of acquiring 5% of the total supply of the cryptocurrency. The company reported that its holdings amounted to 5,797,813 ETH as of [...]

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Bitmine's significant accumulation of ETH positions it as a major player, potentially driving demand and price appreciation.

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