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Bitmine Nears 5% Ethereum Ownership Mark With Latest Acquisition

Bitmine Nears 5% Ethereum Ownership Mark With Latest Acquisition

Bitmine, a prominent digital asset firm, has significantly increased its Ethereum holdings, bringing its total to 6.04 million ETH. This substantial acquisition positions the company on the cusp of achieving its ambitious "Alchemy of 5%" goal, representing nearly 5% of the total Ethereum supply. The firm's chairman, Tom Lee, has characterized recent market downturns as opportune moments for strategic investments.

Cryptocity Newsroom • Oct 19, 2026

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