Bitmine Targets 5% Ethereum Stake With $11.8B Treasury
Bitmine Nears Goal of Controlling 5% of Ethereum Supply With $11.8 Billion Treasury
Bitmine is nearing its stated goal of controlling 5% of Ethereum’s total supply, according to information indicating the company’s Ethereum treasury has grown to $11.8 billion.
The update centers on the scale of Bitmine’s holdings rather than activity in the broader market. If the company reaches its 5% target, it would place a meaningful portion of Ethereum’s outstanding supply under the control of a single corporate treasury.
Ethereum is one of the largest blockchain networks, used for applications ranging from stablecoins and tokenized assets to decentralized finance and on-chain settlement. As a result, concentration of ETH ownership can be relevant to market structure discussions, including liquidity conditions and the distribution of assets among exchanges, institutions, and long-term holders.
The development also reflects the continued role of corporate treasuries in crypto markets. Over the past several years, some firms have accumulated large crypto positions as part of treasury management strategies, increasing the visibility of on-chain assets on corporate balance sheets.
No additional details were provided about how Bitmine built the treasury, the timeline for reaching the 5% threshold, or whether the holdings are deployed in staking or other on-chain activities.
