Bitmine Reaches 93% of Ethereum Alchemy Goal in Just 11 Months

Bitmine Immersion Technologies (BMNR) has made significant strides in its pursuit of becoming the leading Ethereum treasury company. The firm owns 4.66% of the total ETH coin supply, which is approximately $8.1 billion at current prices.

In just 11 months, Bitmine has reached 93% of its goal to accumulate 5% of the ETH supply, known as 'the alchemy of 5%.'

The company was recently named to Fortune's Crypto 100 list for 2026 and closed a sale of 3.5 million shares of Series A Perpetual Preferred Stock on June 10, 2026.