BitMine, led by chairman Tom Lee, held a total of 5,797,813 ETH as of August 2, 2026, representing approximately 4.8% of the 120.7 million ethers in circulation. This reserve was worth approximately $10.9 billion at the reference price of $1,880 per ether. The company’s ambitious goal, dubbed the « Alchemy of 5 % », is now 96% achieved, with roughly 237,000 ETH still needed. Of the total portfolio, 4,917,189 ETH are staked, generating an estimated annualized revenue of $247 million. Simultaneously, BitMine repurchased 4.5 million of its own shares, signaling a strategy shifting toward more active treasury management.
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