Bitmine Immersion Technologies Surpasses 4% of Total ETH Supply

Bitmine Immersion Technologies (BMNR) has made significant strides in its cryptocurrency holdings, announcing that it now owns 4.875 million Ethereum tokens. This represents approximately 4% of the total ETH supply, making Bitmine one of the largest Ethereum treasuries worldwide.

The company's total crypto and cash holdings have reached $11.8 billion, with a notable portion dedicated to Ethereum staking. Bitmine has been actively investing in its treasury strategy, leveraging native protocol-level activities such as staking and decentralized finance mechanisms.