Chase Alchemy of 5% Target, Bitmine Acquires 60.999 $ETH in One Week

Bitmine announced the purchase of 60.999 ETH in just one week through a company release on Monday (17/3). This week's cumulative acquisition has officially raised the company's total ownership to 4.596 million $ETH , or equivalent to 3.81% of total Ethereum supply. As the world's largest treasury $ETH , Bitmine now officially manages total assets worth $11.5 billion that include crypto holdings and cash.

Tom Lee, Bitmine chairman, stated that the company is accelerating the pace of weekly purchases to pursue the target of acquiring 5% of global supply through the "Alchemy of 5%" program. In addition to direct market accumulation, Bitmine also purchased 5.000 $ETH through OTC from the Ethereum Foundation to support the organization's core operational funding. This strategy positions Bitmine as a primary supporter of Ethereum liquidity and ecosystem sustainability.

Currently, 3.04 million $ETH has entered the staking mechanism with a projected annual return of $272 million. Bitmine also expands its portfolio into the AI sector through an investment of $80 million in Eightco (ORBS) for OpenAI equity acquisition. This expansion drives BMNR shares to become one of the most liquid instruments on US exchanges with average daily trading volume reaching $1 billion