Ethereum News Update: BitMine Targets '5% Alchemy' While Ethereum Treasury Exceeds $11.2 Billion
- BitMine (BMNR) holds 3.63M ETH (3.0% supply), becoming the world's largest Ethereum treasury with $11.2B in crypto/cash assets. - Recent 69,822 ETH purchase and institutional backing from ARK, Kraken, and Galaxy support its "Alchemy of 5%" goal to acquire 5% ETH supply. - Despite 40% ETH price drop causing $4B unrealized losses, BitMine plans 2026 staking infrastructure launch amid evolving crypto regulations. - As second-largest crypto treasury after MicroStrategy, BitMine's rapid ETH accumulation and l
BitMine Immersion Technologies (NYSE AMERICAN: BMNR) has established itself as the world's largest
In just the past week, BitMine acquired an additional 69,822 ETH tokens, highlighting its assertive approach to accumulation. The company’s Ethereum assets are valued at $2,840 per token
BitMine’s strong institutional support further strengthens its standing in the market. The company counts prominent backers such as ARK’s Cathie Wood, Pantera, Kraken, and Galaxy Digital among its investors, as well as Fundstrat co-founder Thomas "Tom" Lee.
Despite its rapid expansion, BitMine is not immune to challenges in the wider crypto sector.
The company’s growth has attracted considerable attention.
With its annual shareholder meeting planned for January 15, 2026, at the Wynn Las Vegas, BitMine is looking to further cement its influence in the digital asset space.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. SEC Issues a No-action Letter to Fuse Crypto Amid Stalling Clarity Act
Pi Network News: Why the Real Bull Market for PI Might Just Be Getting Started
Why XRP Is Going Up Today: Rising ETF Demand Boosts Investor Confidence

Monad Mainnet Launch: Full Breakdown of Monad Tokenomics, Airdrops, and Early User Incentives