Bitmine Immersion Holds 6.02M ETH, Nears 5% of Total Supply
Bitmine Immersion Technologies has accumulated 6.02 million Ether tokens, representing 4.9% of ETH's total supply, with overall crypto and cash holdings at $17.4 billion.
Bitmine Immersion Technologies (BMNR) disclosed that its Ethereum holdings have reached 6.02 million tokens, equal to 4.9% of the total ETH coin supply of 122.1 million, placing the company within striking distance of its self-described 'Alchemy of 5%' milestone. The company said it achieved that threshold in approximately 15 months, accumulating the position at a pace that has drawn attention across the digital-asset sector.
The firm reported combined crypto, cash, and marketable securities holdings valued at $17.4 billion, underscoring the scale of its treasury strategy centered on Ethereum rather than the Bitcoin accumulation approach pursued by other public companies. The figures position Bitmine among the largest known institutional holders of a single proof-of-stake cryptocurrency.
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Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026, a development that broadens the stock's exposure to passive index-tracking funds and institutional investors who mirror that benchmark. Inclusion in the Russell 1000 typically triggers mandatory buying from funds that track the index.
Tom Lee, a widely followed market strategist, is scheduled to deliver the keynote address at the Token2049 conference in Singapore on October 7, 2026, where Bitmine's ETH strategy is expected to be a central topic of discussion at one of the crypto industry's largest annual gatherings.
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