As per Bitjie.com, Bitmine Immersion Technologies has increased its ETH holdings by over 44,000 tokens, raising its share of the total Ethereum supply to 3.41%. The company aims to control 5% of the supply, or around 6.03 million ETH, by 2026. Bitmine currently holds 4.11 million ETH and has $100 million in cash reserves. It also plans to launch the MAVAN staking network in 2026, which could generate over $37.4 million in annual staking rewards. The success of its '5% Alchemy' strategy will depend on shareholder votes at its January 2026 annual meeting.
Bitmine Adds 44K ETH, Eyes 5% Ethereum Holdings by 2026
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Summary
ETH news: Bitmine Immersion Technologies added 44,000 ETH, pushing its total holdings to 4.11 million and its share of the supply to 3.41%. The firm plans to reach 5% of the Ethereum supply by 2026. With $100 million in cash, it will launch the MAVAN staking network, expected to yield over $37.4 million in annual rewards. The 5% Alchemy strategy will be decided by shareholders in January 2026. ETH update shows Bitmine is closing in on its target.
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