Bitmine Holds 6.02M ETH Tokens, Total Crypto Assets at $17.4B
Bitmine Immersion Technologies discloses a massive Ethereum position representing 4.9% of total ETH supply, with combined crypto and cash holdings reaching $17.4 billion.
Bitmine Immersion Technologies (ticker: BMNR) has announced it holds 6.02 million Ethereum tokens, a position equivalent to approximately 4.9% of the total circulating ETH supply of 122.1 million coins, according to a company disclosure. Combined with cash holdings, the firm's total crypto and cash assets stand at $17.4 billion.
The company says it has covered 99% of its self-described path toward what it calls the 'Alchemy of 5%' — a strategic threshold representing a 5% stake in total Ethereum supply — achieving that milestone in just 15 months. The rapid accumulation signals an aggressive institutional bet on Ethereum as a long-term reserve asset.
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Bitmine was added to an undisclosed index or exchange listing on June 26, 2026, according to the announcement, a development that may broaden investor access to the stock. The company's public profile is set to rise further when Tom Lee, a prominent market analyst, delivers the keynote address at the Token2049 conference in Singapore on October 7, 2026.
The disclosure places Bitmine among the most concentrated institutional holders of a single cryptocurrency by percentage of total supply, underscoring a broader trend of publicly traded companies building substantial digital asset treasuries. The scale of the Ethereum position is notable given the asset's role in decentralized finance and smart contract infrastructure.
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