Bitmine has expanded its Ethereum treasury to 5,983,940 ETH, bringing the company within reach of its 5% supply target. Bitmine acquired another 27,562 ETH worth approximately $75 million since its September 14 update. However, Bitmine did not disclose its average acquisition price, while its Ethereum holdings now have an estimated market value of $16.3 billion. Bitmine’s ETH balance represents more than 4.9% of Ethereum’s circulating supply of approximately 122.1 million tokens.