Bitmine Treasury Buys 60,999 ETH, Now Holds 3.8% of Circulating Supply

Published at 2026-03-16 14:00:25

Bitmine Immersion Technologies added 60,999 ETH in a single purchase last week, lifting its total Ethereum holdings to roughly 4.6 million ETH, or about 3.8% of the circulating supply. The transaction increases a broader portfolio valued at approximately $11.5 billion across crypto assets, cash reserves and strategic investments, and pushes Bitmine’s ETH position closer to the 4.7 million mark.

The size of the buy highlights continued institutional accumulation of Ether and could modestly tighten available supply on public markets, which may support price if demand holds. At the same time, growing concentration in a few large treasuries raises governance and market-risk considerations; traders and analysts will be watching whether Bitmine keeps adding to its stake or rebalances as macro and on-chain conditions evolve.

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