BitMine Nears 5% Ethereum Supply Cap as Holdings Reach 6,016,414 ETH

BitMine Immersion Technologies holds 6,016,414 ETH as of October 4, 2026, putting the firm within 88,586 ETH of its 5% accumulation target of approximately 6,105,000 ETH. BitMine's reserves represent approximately 4.9% of Ethereum's 122.1 million circulating supply. Following the acquisition of 15,112 ETH in the prior week under a strategy launched on June 30, 2025, BitMine is on pace to reach its threshold within about six weeks. Additionally, BitMine has staked 5,067,309 ETH, generating an estimated 2.63% yield, while market observers note potential supply-demand impacts once buying concludes.