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Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.93 Million Tokens, and Total Crypto and Total Cash Holdings of $15.7 Billion
The company said weekly Ethereum buying and staking pushed annualized rewards to $330 million as it nears a 5% supply target.
- Bitmine Immersion Technologies announced total holdings of $15.7 billion, with Chairman Thomas Lee reporting the company reached 97% of its "Alchemy of 5%" goal to acquire 5% of total Ethereum supply within 15 months.
- Weekly ETH acquisitions since June 30, 2025 have driven the accumulation; Bitmine now stakes 5,067,309 ETH worth $12.6 billion while its MAVAN platform projects $330 million in annualized staking revenues.
- Chairman Tom Lee reported Bitmine common stock gained 99% this quarter, far outpacing the Russell 1000 benchmark's 3% gain; however, unrealized losses on the treasury asset reached $5.1 billion according to market data.
- Over the past week, Bitmine acquired 28,086 ETH worth approximately $69.4 million at Tuesday's ether price of $2,472, solidifying its position as the world's largest publicly listed Ethereum treasury.
- Positive catalysts including the CLARITY Act vote scheduled for mid-September and the 4-year crypto cycle bottoming could drive gains, as technical analyst Tom DeMark anticipates a sharp upward move in ETH.
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Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.93 Million Tokens, and Total Crypto and Total Cash Holdings of $15.7 Billion
Bitmine owns 4.9% of the total ETH coin supply of 122.0 million Bitmine is 97% of the way to the 'Alchemy of 5%' in just 15 months Crypto equities are largest...
·Chicago, United States
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DecryptTom Lee's Bitmine Adds $70 Million in Ethereum, Holdings Reach 5.93 Million ETH
Bitmine Immersion Technologies bought another 28,086 Ethereum tokens last week, bringing its holdings to 5.93 million ETH as it approaches its goal of owning 5% of the cryptocurrency's supply. The purchase was worth approximately $70 million at the company's reference price of $2,495 per token.…
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