BitMine's Ethereum Holdings Reach 6.03 Million ETH, About 4.9% of Supply
Key Takeaways
- •BitMine's Ethereum holdings have reached 6.03 million tokens, equivalent to roughly 4.9% of the cryptocurrency's total supply.
- •An independent on-chain tally from Lookonchain values the reserve at $15.24 billion and estimates that 77,442 ETH remain to be purchased before the company hits the 5% mark.
- •Crossing the 5% threshold would place just over 6.1 million ETH in a single company's treasury, equal to roughly one in twenty tokens in existence.
- •BitMine Immersion Technologies, chaired by Fundstrat co-founder Tom Lee, has publicly committed to accumulating 5% of Ethereum's supply and is among the largest known corporate holders of ether.
- •Ethereum is the native asset of its blockchain and ranks as the second-largest cryptocurrency by market value.
BitMine's Ethereum (ETH) holdings have reached 6.03 million tokens, equivalent to roughly 4.9% of Ethereum's total supply, according to a COINOTAG report published on October 12, 2026.
The figures were refined by a separate on-chain tally from Lookonchain, posted on X on October 12 by 15:50 UTC. That count places BitMine's share of the Ethereum supply at 4.94%, values the reserve at $15.24 billion, and calculates that 77,442 ETH remain to be purchased for the company to reach the 5% mark, a figure the update described as more precise. COINOTAG carried the update at 17:43 UTC.
Based on those figures, reaching the 5% threshold would put just over 6.1 million ETH in BitMine's treasury, meaning a single company would hold roughly one in every twenty ETH tokens in existence.
BitMine Immersion Technologies is an Ethereum treasury company chaired by Tom Lee, co-founder of the research firm Fundstrat Global Advisors. The company has publicly set a goal of accumulating 5% of Ethereum's supply and ranks among the largest publicly known corporate holders of ether. Because ETH balances are visible on the public blockchain, the company's progress toward that stated target can be checked against independent on-chain tallies of the kind cited above.
Ethereum is the native asset of the Ethereum blockchain and the second-largest cryptocurrency by market value.
This content was first published on COINOTAG.
