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Guavy AI Editorial Team••Sentiment: 4•Clout: 72

BitMine's Ethereum Holdings Soar Past $9 Billion as it Pursues 5% Target

ETH

BitMine's Ethereum Holdings Now Top $9.67 Billion as it Pursues 'Alchemy of 5%'

The company has added over 76,881 ETH to its holdings in a week, taking its total control to 5,620,754 ETH valued at approximately $9.67 billion.

BitMine's treasury now encompasses $10.4 billion in crypto, cash, and strategic investments, with the majority being staked on the Ethereum network generating an annualized revenue of around $226 million.

The 'Alchemy of 5%' strategy aims to secure 5% of the total ETH supply by sometime in 2026, with BitMine currently over 93% of the way there after just 11-12 months of aggressive buying.