Bitmine Holds 4.9% of All Ether Supply, Crypto Assets Hit $17.4B
Bitmine Immersion Technologies now holds 6.02 million ETH tokens, representing 4.9% of total Ethereum supply, with combined crypto and cash assets reaching $17.4 billion.
Bitmine Immersion Technologies (ticker: BMNR) has accumulated 6.02 million Ether tokens, representing approximately 4.9 percent of the total circulating Ethereum supply of 122.1 million ETH, the company announced. The firm's combined holdings of cryptocurrency, cash, and marketable securities have reached $17.4 billion.
The accumulation milestone arrived in roughly 15 months, with Bitmine reporting it has completed 99 percent of the journey toward what the company calls its "Alchemy of 5%" target — a strategic threshold representing ownership of one-twentieth of all ETH in existence. The pace of accumulation underscores an aggressive treasury strategy centered on Ethereum as a primary reserve asset.
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Bitmine's rising profile in the digital-asset space coincides with broader institutional recognition. The company was added to the Russell index on June 26, 2026, a development that typically broadens a stock's investor base by drawing passive fund flows tied to index-tracking portfolios.
Adding to its visibility, Bitmine executive Tom Lee is scheduled to deliver the opening keynote address at Token2049 in Singapore on October 7, 2026. Token2049 is one of the crypto industry's most-watched annual conferences, and a keynote slot signals the company's growing stature among institutional and retail investors alike.
As Ethereum-focused treasury strategies gain traction alongside bitcoin-centric models pioneered by other public companies, Bitmine's rapid accumulation positions it as one of the largest known institutional holders of ETH. Continue reading at Cryptocurrency.
