Bitmine Lifts Ethereum Treasury to 5.54M ETH as 5% Supply Goal Comes Into View

Bitmine has increased its Ethereum treasury to 5.54 million ETH after adding nearly 127,000 ETH over the past week, according to Cointelegraph. The latest purchase moves the company closer to its stated target of holding 5% of Ether’s supply.

The development matters because Bitmine is not only accumulating ETH, but also putting a large share of those holdings to work through staking. The company now has more than 4.7 million ETH staked through its validator infrastructure, making its treasury strategy closely tied to Ethereum’s proof-of-stake network operations.

For readers tracking corporate crypto treasuries, Bitmine’s latest increase highlights how some companies are treating Ether as a long-term balance-sheet asset rather than only a trading position. Its 5% supply target also places the company among the more closely watched institutional holders in the Ethereum ecosystem.

The scale of the staked position is also notable for Ethereum itself. Validators help secure the network and process transactions, so a treasury of this size carries relevance beyond the company’s own balance sheet.

Bitmine’s move comes as corporate crypto treasury strategies continue to draw attention across the market. The company’s latest ETH addition reinforces its focus on Ethereum accumulation and staking, while leaving investors and network observers watching how close it gets to the 5% supply mark.