Bitmine Holds 6.02M ETH Tokens, Total Assets Reach $17.4B
Bitmine Immersion Technologies discloses a major Ethereum stake representing 4.9% of total ETH supply, with combined crypto and cash holdings of $17.4 billion.
Bitmine Immersion Technologies (ticker: BMNR) has announced it holds 6.02 million Ethereum tokens, representing approximately 4.9% of the total circulating ETH supply of 122.1 million coins, the company disclosed in a public statement.
The firm's combined cryptocurrency and cash holdings now stand at $17.4 billion, a figure that underscores a rapid accumulation strategy. Bitmine reported it reached 99% of what the company internally calls its 'Alchemy of 5%' target — a threshold measured against the total ETH supply — within just 15 months of launching that initiative.
Read more Richardson Electronics Q1 Sales Jump 18.9% Across All Units →
The company received a notable milestone in late June 2026 when it was added to an unspecified index on June 26, 2026, a development that typically signals broader institutional eligibility and market visibility for a publicly traded firm.
Bitmine also announced that Tom Lee, a well-known figure in cryptocurrency market analysis, is scheduled to deliver the keynote address at the Token2049 conference in Singapore on October 7, 2026. The appearance is expected to draw significant attention given the firm's expanding position in the Ethereum ecosystem.
The disclosures position Bitmine as one of the largest known institutional holders of Ethereum by supply percentage, placing it alongside a small group of corporate entities with outsized exposure to a single digital asset. Continue reading at Cryptocurrency.
