BitMine's Ethereum Treasury Just Crossed 6 Million ETH
Oct 7, 2026
BitMine added another 15,112 ETH this week, pushing its stash past 6 million tokens and almost hitting its self-imposed 5% ownership target.
A Treasury That Keeps Growing
BitMine just keeps buying. The company added 15,112 ETH in its latest weekly purchase, bringing its total Ethereum treasury to a staggering 6,016,414 ETH. That's not a typo — six million coins sitting on one balance sheet.
The move puts BitMine at roughly 99% of its stated goal: owning 5% of the entire ETH supply. If that sounds ambitious, that's because it is. Few companies in crypto history have tried to corner this much of a single asset's float.
Why This Matters
Big, consistent buying from a single entity tends to tighten available supply, especially when the coins get locked away rather than traded. Whether you see this as bullish conviction or a risky concentration play, it's hard to ignore the scale of what BitMine is doing right now.
With ETH trading well below its yearly highs, moves like this one are worth watching closely heading into the rest of Q4.