Bitmine Immersion Technologies Sees Ethereum Holdings Reach 5.21 Million Tokens

Bitmine Immersion Technologies, a company focused on accumulating crypto for long-term investment, has announced that its Ethereum holdings have reached 5.21 million tokens. This accounts for 4.31% of the total ETH supply, with a value of $11.1 billion at current prices.

The company's total crypto and cash holdings now stand at $13.4 billion, making it one of the largest holders of Ethereum in the world. Bitmine has also launched MAVAN, an institutional-grade staking platform that allows investors to stake their Ethereum tokens and earn rewards.

According to Tom Lee, Chairman of Bitmine, 'crypto spring' is believed to have commenced, with Wall Street tokenization on the blockchain and agentic AI systems increasingly relying on public blockchains driving Ethereum's growth. The company has slowed down its pace of weekly accumulation from over 100,000 per week as it targets reaching the 'alchemy of 5%' target by late 2026.