Bitmine Holds 6.03M ETH Tokens, Nearing 5% of Total Supply
Bitmine Immersion Technologies reports ETH holdings of 6.03 million tokens, representing 4.9% of total supply, with $16.2B in combined crypto and cash assets.
Bitmine Immersion Technologies (BMNR) has accumulated 6.03 million Ethereum tokens, giving the company ownership of approximately 4.9% of the total ETH coin supply, which stands at 122.1 million tokens. The milestone positions Bitmine 99% of the way toward what the company calls its 'Alchemy of 5%' threshold — a target it has nearly reached in just 15 months.
The company disclosed total crypto holdings alongside cash and marketable securities amounting to $16.2 billion, signaling significant balance-sheet scale for a digital-asset focused firm. The figures were released as part of a broader corporate update highlighting the pace of its Ethereum accumulation strategy.
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Bitmine Chairman Tom Lee released a message on October 7 titled 'Crypto Bull Underway — This Cycle Likely the Largest,' offering an optimistic outlook on the current market environment. The timing of the release coincides with a period of renewed institutional interest in digital assets across the sector.
The company was also recently added to the Russell 1000 Large-cap index, a development that typically broadens a stock's institutional investor base by triggering inclusion in index-tracking funds. The index addition underscores Bitmine's growing market capitalization and visibility among larger institutional allocators.
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