BitMine has expanded its Ethereum exposure with another 27,180 ETH purchase, pushing its total holdings to approximately 5.96 million ETH as of September 13. The acquisition brings the company's position to about 4.9% of Ethereum's total supply of 122 million ETH, placing it roughly 98% of the way toward its stated goal of owning 5% of all ETH.
Of BitMine's holdings, roughly 5.07 million ETH are staked, and the company's total investments are valued at $15.8 billion. The purchase is part of a sustained digital asset accumulation strategy and stands out amid a broader environment where many digital asset investment vehicles have experienced sharp contractions in market value-to-net asset ratios.
The move also highlights a wider institutional trend. According to Bitcoin Treasuries data, 197 public companies have adopted digital asset treasury models. Among the most prominent bitcoin-focused holders are Strategy with about 845,050 BTC, Twenty One with 43,514 BTC, Metaplanet with 43,000 BTC, MARA with 35,577 BTC, and Bitcoin Standard Treasury Company with 30,021 BTC. BitMine, however, is differentiating itself through its Ethereum-focused reserve strategy, approaching 6 million ETH and becoming one of the largest corporate holders of the second-largest cryptocurrency by market capitalization.
Market participants are likely to monitor whether BitMine’s continued accumulation attracts additional institutional interest in Ethereum and influences market sentiment or volatility around the asset.
