BitMine’s Ethereum Treasury Approaches 5% of Total Supply
BitMine expanded its holdings to 6.07 million ETH and staked more than 5.2 million coins, bringing it close to its 5% supply target.
BitMine expanded its holdings to 6.07 million ETH and staked more than 5.2 million coins, bringing it close to its 5% supply target. Ethereum (ETH) is trading at $2,120.16, down 1.1% since this brief published. This is an original TLT brief synthesising 5 outlets (Blockonomi, The Cryptonomist, Unchained, and others), with their figures cross-checked, plus live market data, as of Mon, 09 Nov 2026 19:30:05 UTC.
A treasury nearing 5% of all ETH would make BitMine a major concentrated holder and validator, increasing its influence over Ethereum’s staking economics while exposing the position to substantial market and network risk.
- Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.07 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.3 Billion ↗
- Bitmine's Ethereum holdings reach 6.07M ETH, or 4.97% of supply ↗
- Bitmine Gets Within About 40,000 ETH of Tom Lee's 5% Target After Another Week of Buying ↗
- BitMine Buys 9,587 ETH, Nears 5% of Ethereum Supply as Staking Could Hit $359M ↗
- BitMine Holds 6.07M ETH, Reaching 4.97% of Total Supply ↗
- BitMine holds 6,070,092 ETH, equal to 4.97% of supply.
- The company recently added 9,587 ETH.
- More than 5.2 million ETH is already staked.
- ETH fell 4.29% over 24 hours amid a flat broader market.
Blockonomi and The Cryptonomist agree that BitMine’s holdings reached 6,070,092 ETH and 4.97% of Ethereum’s total supply, which both frame as a rounded 5%. Blockonomi supplies the additional detail that BitMine added 9,587 ETH over the preceding week and has staked 5,227,037 ETH, while The Cryptonomist dates the company’s update to November 9, 2026 and says it reported holdings as of November 8. The outlets do not contradict one another on the reported treasury size or ownership percentage.
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- Bitmine's Ethereum Holdings Surpass 6 Million ETH, Staking Revenue Forecasted at $358M
- TRON Surpasses Ethereum in USDT Supply Amid Stablecoin Market Growth
- Bitmine Acquires 8,573 ETH, Closing in on 5% of Ethereum Supply
- Vitalik's Devcon Cosplay Highlights Amid Bitmine's Ethereum Accumulation
- BitMine’s Ethereum Treasury Approaches 5% of Total Supply — this brief
BitMine has increased its 
Ethereum treasury by 9,587 ETH over the past week, taking its reported holdings to 6,070,092 ETH as of November 8, according to Blockonomi. The position represents 4.97% of Ethereum’s 122.2 million-token supply and places the company just below its stated goal of accumulating 5%.
Blockonomi also reports that BitMine has staked 5,227,037 of its ETH. If the company stakes its entire treasury, it projects annual rewards of $359 million. The available coverage does not establish that the full treasury is currently staked, so the $359 million figure is a projection tied to that scenario rather than a confirmed return on the present staked balance.
The two publications corroborate the central figures. Blockonomi and The Cryptonomist both identify BitMine’s holdings as 6,070,092 ETH and 4.97% of total supply, effectively 5% after rounding. Their additional context differs: Blockonomi details the weekly purchase and current staking balance, whereas The Cryptonomist points to BitMine’s November 9, 2026 update and the November 8 holdings date; neither outlet reports a conflicting quantity.
BitMine’s strategy combines a concentrated ETH reserve with participation in Ethereum’s proof-of-stake network through staking. Staking allows the reported holdings to secure the network while generating rewards, although the scale of the company’s position means its treasury is closely tied to ETH’s market value. Its approach now sits against a backdrop in which the total crypto market capitalization is $2.58 trillion and the broader market is flat.
Ethereum trades at $2,143.92, down 4.29% over 24 hours and 6.19% over seven days, with a market capitalization of $262 billion. 
Bitcoin is also lower, falling 0.82% over 24 hours, while the Fear & Greed index stands at 29, indicating a “Fear” reading. The figures to watch are BitMine’s movement toward and beyond 5% of supply, the proportion of its treasury staked, and whether the stated annual reward estimate changes as holdings or Ethereum’s price moves.
Since this brief published about 4 hours ago, Ethereum (ETH) has moved from $2,143.92 to $2,120.16 — -1.11%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦2.93M (about $2,120.16), down 4.9% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
BitMine’s Ethereum Treasury Approaches 5% of Total Supply — questions & answers
How much Ethereum does BitMine hold?
BitMine holds 6,070,092 ETH, representing 4.97% of Ethereum’s 122.2 million-token supply and effectively 5% after rounding.
How much ETH did BitMine recently add?
Blockonomi reports that the company added 9,587 ETH over the past week.
How much of BitMine’s Ethereum is staked?
BitMine has staked 5,227,037 ETH. The projected $359 million in annual rewards assumes its entire treasury is staked.
How much is 1 Ethereum worth in naira today?
About ₦2.93M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,120.16. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 1.11% since this brief first published — trading at $2,120.16 now versus $2,143.92 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Blockonomi, The Cryptonomist, Unchained, Crypto Daily, TronWeekly, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.