Bitmine Hits 4.8% ETH Supply Share, Nearing 5% Target With $11B Holdings

Woofun AI reports that Bitmine Immersion Technologies has consolidated its position as the largest corporate Ethereum holder, capturing 4.8% of the circulating supply through strategic accumulation.

The expansion was driven by the acquisition of 9,926 ETH, bringing total holdings to 5,815,164 ETH valued at $11 billion. This volume represents 96% of the company's target to accumulate 5% of the 120.7 million ETH in circulation, equivalent to approximately 5 million tokens.

Woofun AI data shows that $9.6 billion of this treasury is currently staked, with MAVAN accounting for 87% of the staked portion and securing $250 million in related revenue streams.

Beyond Ethereum, the firm executed diversified corporate actions including the purchase of 210 BTC for $180 million.

Concurrently, it deployed $73 million and $78 million to repurchase 1.7 million common shares, reducing the outstanding count to 20.8 million against a $4 billion market cap benchmark. These disclosures were highlighted in a press release dated August 17, 2026, featuring endorsements from @coinbase and @MrBeast.

The ETH/BTC ratio climbed to 0.02994, breaking above a long-term downtrend as markets perceive the materialization of tokenization and agentic artificial intelligence applications. This structural shift supports a price floor near $1,900, signaling sustained institutional demand.