BitMine Immersion Technologies has grown its Ethereum treasury to 5,983,940 ETH, leaving the company just 16,060 tokens short of the 6 million milestone. The figure was disclosed on September 21, following the addition of 27,562 ETH during the most recent reporting period.

According to the latest filing, BitMine's combined crypto holdings, cash, marketable securities and strategic investments are valued at $17.1 billion. The company valued its ETH at $2,688 per token as of September 20, a price that puts the ETH position alone at approximately $16.1 billion — roughly 94% of the disclosed total and a measure of how concentrated the balance sheet has become around a single asset.

Ethereum Holdings Approach Supply Target

BitMine's accumulated position now represents roughly 4.9% of the 122.1 million ETH supply cited in its disclosure, putting the company at 98% of its stated objective of accumulating 5% of Ethereum's total supply. At that supply figure, the full 5% objective implies a holding of about 6,105,000 ETH, meaning about 121,060 tokens remain between the current position and the stated goal.

Alongside its ETH, the treasury includes several other assets:

• 212 BTC
• $714 million in cash and marketable securities
• A $180 million stake in Beast Industries
• A $105 million stake in Eightco Holdings

BitMine also reported 5,067,309 ETH held in staking, a position valued at approximately $13.6 billion using its stated ETH price. That staked balance represents roughly 85% of the company's total ETH holdings, underscoring how much of the treasury is already committed to staking rather than held unallocated.

Corporate Crypto Treasuries Expand Beyond Bitcoin

The updated figures reflect a broader trend of public companies extending treasury strategies beyond traditional Bitcoin holdings. BitMine has positioned Ethereum as the central asset on its balance sheet, an approach that ties its results more directly to ETH prices and staking activity.

The company's ETH holdings have also risen sharply week over week. In its previous disclosure on September 13, BitMine reported 5,956,378 ETH and total crypto, cash and other holdings of $15.8 billion, meaning total holdings value increased by roughly $1.3 billion over the intervening reporting period.

While BitMine has not yet crossed the 6 million ETH threshold, the latest disclosure places that milestone within reach of a relatively small additional purchase. The company's stated 5% supply accumulation target remains the key benchmark for its Ethereum treasury strategy. Its disclosures have arrived at roughly weekly intervals — September 13 and September 21 are the two most recent — leaving the next filing to show whether the 6 million mark has been crossed and how much of the remaining distance to the 5% target has been closed.