Bitmine bought another 17,362 ETH since its last update on Sept. 21, reporting Monday that its total crypto, cash, marketable securities and other investments stood at $17.2 billion.
In a move that has crypto enthusiasts buzzing (and perhaps a little green with envy), BitMine Immersion Technologies has just announced that it has crossed the monumental threshold of 6 million Ethereum (ETH) in its treasury. Yes, you heard that right—6 million! That’s like a small country’s GDP in digital coins. And how did they achieve this? By snagging an additional 17,362 ETH in just one week. Talk about a shopping spree!
So, what exactly does this mean? Well, BitMine now holds a staggering 6,001,302 ETH, which is approximately 4.9% of Ethereum’s circulating supply. It’s like they decided to collect Ethereum the way some people collect stamps—only with a lot more zeros involved. And if you’re wondering what that’s worth in good old American dollars, that would be around $16.2 billion, based on their reference price of $2,698 per ETH. Not too shabby, right?
But wait, there’s more! In a world where crypto is often staked, BitMine has reportedly staked over 5 million ETH, which represents about 84% of their total holdings. This means they’re not just hoarding these digital coins; they’re actually putting them to work. It’s like putting your money in a high-yield savings account—but way cooler and, let’s be honest, a bit riskier.
The company’s chairman, Tom Lee, has been on a mission since June 30, 2025, to accumulate ETH weekly, and they’ve stuck to it like a diet during the holidays. In fact, they’ve managed to purchase ETH every single week since launching this ambitious strategy—69 weeks in a row! That’s more commitment than most people have to their New Year’s resolutions. Lee proudly stated, “Over the past week, we acquired 17,362 ETH,” celebrating this latest milestone as an achievement reached in under 15 months. If that doesn’t scream dedication, I don’t know what does.
Now, with their treasury at a whopping $17.2 billion, BitMine is 98% of the way toward their goal of owning 5% of Ethereum’s total supply. They’ve dubbed this quest the “Alchemy of 5%,” which sounds like the title of a fantasy novel but is actually a serious investment strategy. It’s almost poetic—sacrificing short-term gains for long-term glory. Or, you know, just a really big wallet.
In a world filled with crypto volatility and uncertainty, BitMine’s strategy seems to be paying off. They’re not just playing the crypto game; they’re trying to change the rules. As Ethereum continues to evolve, who knows what other milestones BitMine will achieve? Will they hit 10 million ETH next? Will they create a new cryptocurrency based on their own holdings? Only time will tell.
So, for those of you keeping score at home, remember this: BitMine is not just a player in the game; they’re fast becoming a major contender. And who knows, maybe one day we’ll all be looking back at this moment as the start of something truly groundbreaking in the crypto world. Until then, we’ll just be over here, watching and hoping for a dip so we can snag a few coins of our own. Cheers to you, Tom Lee and BitMine—keep doing what you do best!
Inspired by: “Tom Lee’s Bitmine tops 6 million ETH after buying another 17,362 ether” (r/Crypto)