BitMine Now Holds $15.7 Billion in Various Assets as Massive ETH Buying Spree Continues

BitMine now holds 5.93 million ETH, worth roughly $14.8 billion, representing 4.9% of total supply and bringing it close to its 5% target. BitMine Immersion Technologies (BMNR) reported an Ethereum (ETH) treasury of 5,929,198 tokens and combined crypto, cash, and moonshot holdings of $15.7 billion as of September 7, in an 8-K filed September 8 that also disclosed the end of the outside agreement running its staking operations. BitMine marked its ETH at $2,495 per token, per Coinbase, leaving the total little changed from the $15.6 billion it reported a week earlier, when the stash crossed 5.9 million tokens on a 53,501 ETH purchase. The company added 28,086 ETH over the past week and has bought Ether every week since the strategy began on June 30, 2025. Those holdings equal 4.9% of the 122.0 million ETH in supply, which BitMine puts at 97% of the way to its goal of owning 5% of all ETH, a target it calls the Alchemy of 5%. Staking Fee Switches to Flat Rate BMNR Subsidiary One and Ethereum Tower LLC signed a mutual termination agreement on September 4, ending a management services agreement from March 24 under which Ethereum Tower collected a revenue participation fee, a share of ne...