BitMine has purchased additional Ethereum worth approximately 470 million USD, raising its total holdings to about 1.3 million ETH, equivalent to about 1% of the total global circulating supply.
⸻
Verify information
• According to Phemex News, BitMine recently made a large transaction by purchasing additional Ethereum worth 470 million USD, bringing the total ETH held to 1.3 million ETH, accounting for about 1% of the circulating supply.
• Blockchain.News confirms that BitMine has purchased 106,485 ETH equivalent to 470.51 million USD in just 10 hours, raising its total holdings to 1,297,093 ETH (≈ 5.75 billion USD).
• Coin World (through AInvest) confirms that this company owns 1.3 million ETH worth over 5.75 billion USD, far surpassing SharpLink Gaming with 728,804 ETH.
• According to Blockchain.News and CoinDoo, the transaction took place amidst market panic, indicating that this is a counter-trend move to take advantage of the opportunity to 'buy at a discount in the support zone'.
⸻
Who is BitMine and what is their goal?
• BitMine Immersion Technologies is a company that applies an asset treasury strategy using ETH (Ethereum treasury). Previously, in July 2025, the company raised 250 million USD from a private funding round to implement this strategy.
• BitMine's goal is not just limited to 1%, but also aims to own 5% of the total global ETH supply, through a stock issuance program worth 20–24.5 billion USD to continue purchasing ETH.
• Standard Chartered estimates that if asset treasury businesses like BitMine continue to increase purchases, they could control up to 10% of the ETH supply in the long term.
