Bitmine Reaches New Milestone in Ethereum Holdings

Bitmine Immersion Technologies (BMNR) has announced that its ETH holdings have reached 5.70 million tokens, comprising 4.7% of the total ETH supply of 120.7 million tokens.

The company's total crypto and cash holdings now stand at $9.8 billion, with $555 million in total cash and marketable securities, and other crypto holdings.

Bitmine has also reported that it is 94% of the way to achieving its goal of acquiring 5% of the ETH supply, a target known as 'the alchemy of 5%'.

The company's Chairman, Thomas