Bitmine Holdings Surpass $11 Billion as Ethereum Treasury Reaches New Milestones

Bitmine Immersion Technologies, Inc., a company focused on accumulating crypto for long-term investment, has announced its latest holdings totals $11.3 billion. This figure includes 5.77 million ETH tokens, total cash and marketable securities of $482 million, and other crypto holdings.

The company's Chairman, Thomas 'Tom' Lee, stated that Bitmine is 96% of the way to achieving the 'Alchemy of 5%' in just 12 months, with its current ETH holdings of 4.8% of the total ETH supply of 120.7 million.

Bitmine was added to the Russell 1000 Large-cap index on June 26 and expects this inclusion to attract hundreds or thousands of institutional investors as equity owners. The company's Series A Preferred Stock is trading on the NYSE under the symbol BMNP, with dividends paid weekly.