Bitmine Immersion Discloses 6.06M ETH Holdings Worth $14.5B
Bitmine Immersion Technologies says its crypto, cash, and securities portfolio totals $14.5 billion, with ETH holdings representing 4.9% of total supply.
Bitmine Immersion Technologies (BMNR) has disclosed that it holds 6.06 million Ether tokens, representing approximately 4.9% of the total circulating ETH supply of 122.2 million tokens, the company announced. The firm said the combined value of its cryptocurrency holdings, liquid assets, and marketable securities stands at $14.5 billion.
The disclosure marks a significant milestone for the company, which said it has covered 99% of the distance toward its self-described 'Alchemy of 5%' target — a strategic threshold for ETH ownership — in just 15 months. The pace of accumulation signals an aggressive treasury strategy centered on Ethereum as a core reserve asset.
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Bitmine also offered commentary on the broader crypto landscape, citing a recent theft at Binance as evidence of underlying resilience in the digital asset sector rather than systemic vulnerability. The company outlined six specific reasons it views the incident as a sign of strength for the industry, though it did not detail those publicly in the initial disclosure.
The announcement, published on the 7th of the month, positions Bitmine as one of the largest institutional holders of Ethereum relative to total supply. Analysts may watch closely whether the company pushes through the 5% ownership mark, a level that could draw regulatory and market scrutiny given its potential influence over the asset.
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