Bitmine Immersion Technologies (NYSE: $BMNR) increased its Ethereum (CRYPTO: $ETH) holdings to 6.03 million ETH after purchasing 12,532 tokens over the past week, bringing the company closer to its target of owning 5% of ETH’s total supply.

The company said Monday that its ETH holdings were worth approximately $15.3 billion at a price of $2,544 per token as of October 11. Its position represents 4.9% of Ethereum’s circulating supply of 122.1 million ETH, according to a statement.

Bitmine has staked 5.07 million ETH, worth about $12.9 billion, through its Made in America Validator Network (MAVAN) platform and other staking…