BitMine ETH Treasury Hits 4.8% of Supply: Weekly Buys Continue as Stock Jumps 3.7%

BitMine Immersion Technologies stated it acquired another 9,926 ETH in the week ending August 16, therefore increasing its total holdings to 5.815 million ETH, or around 4.8% of Ethereum's current supply. Since starting its ETH treasury plan on June 30, 2025, the company has kept up a flawless run of weekly purchases and now stakes more over 5.067 million ETH—more than any other single organization. The position is worth around $11 billion at current costs of about $1,900, thus BitMine only falls short of its 5% goal by 226,000 ETH.

The stock reacted favorably to the update, ending up 3.68% higher at $18.73 on August 17 and adding another 0.37% in after-hours trading. BitMine also bought back 1.7 million shares in the same week, therefore strengthening shareholder value together with its strong ETH accumulation.

While one owner approaches 5% of the network and begs issues about supply concentration, the consistent weekly purchases generate a forecast demand flow into Ethereum. This makes BMNR a levered play on ETH with built-in buyback support, which might draw in investors looking for indirect exposure to the asset.