BitMine Adds 51,162 Ether, Now Holding 3.66% of Ethereum Supply

BitMine Adds 51,162 Ether, Now Holding 3.66% of Ethereum Supply

BitMine Immersion Technologies’ latest disclosure confirms ownership of over 4.42 million ETH, reflecting continued large-scale accumulation despite market volatility and significant valuation losses.

BTC
ETH

Fact Check
Multiple credible and authoritative sources, including an official SEC-filed corporate press release, report that BitMine Immersion Technologies recently added approximately 51,162 Ether to its holdings. Both the SEC filing and independent crypto industry outlets state that its total Ethereum holdings have risen to about 4.42 million ETH, corresponding to roughly 3.66% of the total Ethereum supply. These figures are consistently reported across authoritative channels, with the addition amount ($98 million worth ≈ 51,162 ETH) and percentage ownership explicitly mentioned in multiple independent news reports. No credible source contradicts this data, and the corporate disclosure to the SEC provides strong primary confirmation. Thus, the evidence is highly consistent and directly supports the statement.
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Summary

BitMine Immersion Technologies has revealed in its latest filing that it controls 4.423 million ETH, representing roughly 3.66% of Ethereum’s circulating supply. The company recently added 51,162 ETH to its holdings, maintaining its strategy of aggressive accumulation despite enduring more than $8 billion in valuation losses from past market downturns. BitMine is staking over 3 million ETH, generating $171 million annually, and retains 193 BTC alongside substantial cash and equity positions. Chairman Thomas Lee reaffirmed plans to pursue the goal of holding 5% of Ethereum’s total supply.

Terms & Concepts
  • Ethereum: A blockchain platform known for supporting smart contracts (self-executing blockchain code) and decentralized applications.
  • Staking: Locking cryptocurrency to help secure a network and earn rewards, often in the form of additional tokens.