BitMine Adds 82,000 ETH, Advancing Toward 5% of Ethereum Supply Goal

• BitMine recently added 82,353 ETH tokens, boosting its holdings to 2.8% of Ethereum’s total supply.

• With 192 BTC and $389 million in cash reserves, the company diversifies its portfolio while focusing on ETH accumulation.

• The “Alchemy of 5%” strategy aims to secure 5% of Ethereum’s supply, positioning BitMine as a key player in digital assets, per data from November 2nd disclosures.

Discover BitMine’s massive Ethereum holdings update: 3.39 million ETH worth $13.7 billion. Explore the “Alchemy of 5%” strategy and implications for crypto investors. Stay informed on ETH’s growth potential today.

What are BitMine’s latest Ethereum holdings?

BitMine Ethereum holdings now total over 3.39 million ETH, valued at around $13.2 billion based on recent market prices of $3,903 per token. This positions the company as the leading institutional holder of Ethereum worldwide. The latest disclosure on November 2nd also reveals 192 BTC, a $62 million stake in Eightco Holdings, and $389 million in cash, reflecting a balanced approach to building a robust digital asset treasury.

How has BitMine’s ETH accumulation progressed in 2025?

BitMine’s aggressive accumulation has accelerated throughout 2025, with the company adding 82,353 ETH in the past week alone. This brings their total to 3.4 million ETH, or 2.8% of the circulating supply. Earlier in October, they acquired over 662,000 ETH, including a notable purchase of 27,316 ETH worth $113 million from BitGo. According to disclosures from BitMine, this strategy builds on their March announcement of the “Alchemy of 5%” initiative, targeting 5% of Ethereum’s total supply to establish dominance in institutional ETH exposure. Expert analysis from Fundstrat highlights that such moves signal growing confidence in Ethereum’s long-term value, with on-chain metrics showing increased stablecoin activity and application revenues at all-time highs. The company’s holdings now rival major players like Strategy Inc., formerly MicroStrategy, solidifying BitMine’s role in bridging traditional finance and crypto.

BitMine Immersion Technologies has made headlines once again, this time for its staggering $13.7 billion portfolio.

The Bitcoin [BTC] and Ethereum [ETH] Network Company, well known for its long-term accumulation strategy, recently disclosed its latest holdings as of November 2nd.

It currently holds over 3.39 million ETH, each valued at $3,903. In addition, the company owns 192 BTC, a $62 million stake in Eightco Holdings, and maintains $389 million in cash reserves.

These figures highlight the company’s continued commitment to strategic accumulation across both crypto and traditional assets.

Source: BitMine/X

This rapid accumulation aligns with BitMine’s vision of positioning itself as the Ethereum equivalent of MicroStrategy, offering traditional market investors exposure to ETH through its publicly traded shares.

Why does Tom Lee support Ethereum’s growth potential?

Tom Lee, Chairman of BitMine and founder of Fundstrat, has expressed strong optimism about Ethereum’s fundamentals entering a new expansion phase. He points to a more than 15% surge in stablecoin supply on the Ethereum network over the past eight weeks, alongside record-high revenues from decentralized applications. These developments, as noted in BitMine’s updates, indicate robust on-chain activity that could drive future price appreciation. Lee views the recent 45% drop in ETH open interest following the October 10th liquidation event as a necessary correction, paving the way for a healthier market rebound. Furthermore, he emphasizes the seasonally strong performance of both cryptocurrencies and equities in the fourth quarter, based on historical market data. This perspective aligns with broader industry reports from sources like CoinMarketCap, which track Ethereum’s trading volume and institutional inflows. By integrating these insights, BitMine demonstrates its expertise in leveraging Ethereum’s scalability improvements and ecosystem growth to enhance shareholder value.

Frequently Asked Questions

What is BitMine’s Alchemy of 5% strategy for Ethereum holdings?

BitMine’s “Alchemy of 5%” strategy involves accumulating 5% of Ethereum’s total supply to become the premier institutional investor in ETH. Launched in March 2025, it has already reached 2.8% through consistent purchases, providing investors with direct exposure to Ethereum’s growth via BMNR stock, as detailed in company filings.

Why is BitMine the largest Ethereum holder in 2025?

BitMine has become the top Ethereum holder by methodically acquiring ETH amid market volatility, surpassing other entities with over 3.39 million tokens as of November 2025. This achievement stems from strategic buys like the recent 82,353 ETH addition, fueled by Ethereum’s strengthening fundamentals, making it an attractive asset for long-term portfolios spoken naturally for voice queries.

Key Takeaways

• BitMine’s ETH dominance: The company now holds 3.39 million ETH, representing 2.8% of the supply and establishing it as the global leader in Ethereum accumulation.
• Strategic diversification: Beyond ETH, holdings include 192 BTC, a stake in Eightco Holdings, and substantial cash reserves, balancing risk in the volatile crypto market.
• Future outlook: With the upcoming Fusaka upgrade and ongoing ETF inflows, BitMine’s treasury could see further value growth, encouraging investors to monitor ETH’s institutional adoption.

Conclusion

BitMine’s Ethereum holdings update underscores its pivotal role in the evolving crypto landscape, with over 3.39 million ETH solidifying its status as the largest holder and a key driver of institutional interest. As Ethereum’s on-chain metrics improve and upgrades like Fusaka enhance scalability, BitMine’s “Alchemy of 5%” strategy positions it for sustained growth. Investors should watch for continued accumulation, which could further bridge traditional finance and blockchain innovation in the coming quarters.