# BitmineAdds20KEtherOnly380KShyOf5%Target

On June 16, on-chain data showed Bitmine purchased another 20,000 ETH via FalconX, worth approximately $35.85 million. Total holdings have now surpassed 5.62 million ETH, representing about 4.67% of total supply, with only 380,000 ETH remaining to reach its 5% target. Over the past year, the company has raised $19.2 billion through roughly 50 equity offerings to accumulate ETH, with over 85% of holdings staked, generating annualized staking income of approximately $230-296 million. Bitmine is also expected to be included in the Russell 1000 Index by the end of June, potentially bringing at least $2.15 billion in passive buying.