Bitmine Nears 5% of Ethereum Supply With $68 Million ETH Purchase
Bitmine Immersion Technologies has expanded its Ethereum treasury to 5.96 million ETH, bringing its 5% supply target within reach. According to the latest update, Bitmine purchased 27,180 Ethereum (ETH) worth approximately $68 million during the week ending September 13. Its balance reached 5,956,378 ETH, valued at about $15 billion using an Ethereum price of $2,513. This position represents roughly 4.9% of Ethereum’s estimated 122 million token supply.