Bitmine Immersion Technologies has announced that its Ethereum holdings have reached 5.70 million tokens, representing approximately $9.8 billion in value.
This milestone comes just 11 months after Bitmine was 94% of the way to achieving its goal of holding 5% of the total ETH supply.
The company's crypto and cash holdings total $9.8 billion, with a significant portion held in staked Ethereum (ETH) through its MAVAN platform.