The post BitMine nears 5% Ether supply target with fresh $199M accumulation appeared on BitcoinEthereumNews.com.

BitMine Immersion Technologies (BMNR), the publicly traded crypto-treasury firm, has inched significantly closer to its ambitious target of controlling 5% of Ethereum’s total supply, thanks to a recent wave of large purchases that total roughly $199 million. The company, by far the largest corporate holder of Ether in the world, has accumulated the figure in just the last two days, according to new blockchain tracking data. The acquisitions were made in two large purchases: the first on Friday for $130.7 million, and another for $68 million on Saturday. These purchases bring the total of Ether held by BitMine to approximately $11.3 billion, which is about 3.08% of all ETH in existence at the time of this press release. The company is now edging closer to its long-time goal of capturing 5% of the Ethereum network. BitMine’s aggressive buying spree pushes forward against the current backdrop – a space where most top-calibre traders and institutional participants are short-term bearish on Ether. BitMine speeds up acquisitions, despite an industry slowdown The broader corporate Ethereum market has cooled sharply. Among the largest companies, net treasury savings, excluding its flagship company product, reached a seven-quarter high of $67.5 billion. Digital asset treasury activity – that segment that monitors corporate purchases of large cryptos has decreased 81% in just 3 months. In August, businesses combined accumulated 1.97 million ETH, but that number dropped significantly in November to just 370,000 ETH. BitMine, meanwhile, has taken the opposite approach. The firm has purchased 679,000 ETH (valuing $2.13 billion) in the past month alone. This purchase represented the vast majority of all corporate Ether purchased during that timeframe and demonstrated the company’s increasing dominance and confidence. BitMine management has consistently described its approach as one that invests in the Ethereum platform as a key feature of the emerging digital economy.…

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Filed under: News - @ December 7, 2025 3:32 am