Bitmine's Ethereum Treasury Is Closing In on a Major Milestone Bitmine (@BitMNR) purchased an additional 10,452 $ETH last week, bringing its total Ethereum holdings to approximately 6.05 million ETH. As of October 25, the company's Ethereum treasury was valued at around $14.3 billion, representing 4.95% of Ethereum's circulating supply. With this accumulation, Bitmine is getting closer to its ambitious goal of holding 5% of ETH's total supply. The company has also staked approximately 5.23 million ETH, with projected annualized staking revenue of $318 million. Its balance sheet includes another $514 million in cash and marketable securities, along with Bitcoin ( $BTC) and other investments. Despite Ethereum's recent price pullback, Bitmine Chairman Tom Lee (@fundstrat) remains optimistic, stating that the crypto bull market is already underway.