Bitmine Immersion Technologies Surpasses $11 Billion in Crypto Holdings

Bitmine Immersion Technologies has made significant strides in its crypto holdings, revealing a total value of $11.4 billion as of recent count. The company's acquisition pace has accelerated throughout 2026, with purchases increasing from approximately 33,000 tokens per week in early January to above 70,000. This move is part of Bitmine's 'Alchemy of 5%' strategy, aimed at accumulating 5% of the total Ethereum supply.

As a result of this accumulation, Bitmine now controls 3.98% of all ETH in circulation, placing it over 79% toward its stated goal. The company's treasury includes 4.803 million Ethereum tokens valued at $2.1 billion, as well as significant holdings in Bitcoin and other assets.