Bitmine Adds 101,745 ETH: How High Can Ethereum Go?
Posted On May 4, 2026
Bitmine Immersion Technologies (NYSE:BMNR) acquired 101,745 Ethereum (CRYPTO: ETH) last week, pushing total holdings to 5.18 million tokens worth $12.1 billion.
Bitmine Now Holds 4.29% Of Total ETH Supply
Bitmine’s 5.18 million ETH represents 4.29% of Ethereum’s total 120.7 million supply, making it 86% of the way to the “Alchemy of 5%” goal in just 10 months.
The company also holds 200 Bitcoin (CRYPTO: BTC), $200 million in Beast Industries, $83 million in Eightco Holdings (NASDAQ:ORBS), and $700 million cash for total crypto and cash holdings of $13.1 billion.
Bitmine has staked 4.36 million ETH worth $10.2 billion at $2,336 per coin, more than any other entity in the world.
At full scale, projected ETH …
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