Bitmine buys 32,447 ETH, taking its treasury to 5.85 million tokens

The company said its total ETH balance represented about 4.8% of the 120.7 million ETH supply and that its combined crypto, cash, marketable securities and other investments totaled $14.9 billion as of Aug. 23. Those values use market prices and company-provided holdings, so they can change without a new purchase or sale.

The 5% target is still a company goal

Bitmine says it is 97% of the way toward its goal of owning 5% of Ethereum's supply. Reaching that threshold would require roughly another 187,000 ETH at the supply and holdings figures in the release. The target is a corporate strategy, not a protocol rule or an independently verified forecast of future buying.

Bitmine's chairman, Tom Lee, said the company has acquired ETH every week since it began its Ethereum treasury strategy in June 2025. The latest update is evidence of the company's disclosed purchase and holdings; it does not establish the average price paid, financing source or whether the buying pace will continue.

Staking figures include forward-looking claims

The release says Bitmine had staked 5,067,309 ETH, or about 87% of its reported holdings, through its MAVAN validator platform as of Aug. 23. It also projects annualized staking revenue of about $330 million and potential annualized rewards of about $381 million at scale.

Those revenue and reward figures are management projections based on a seven-day yield and assumptions about future staking participation. They are not realized revenue, a guaranteed return or an independent valuation of the company's treasury. Staking also carries operational, custody, slashing and market-price risks that the release itself lists in its forward-looking-statements disclosure.