Bitmine Crushes 'Alchemy of 5%' Goal with $14.9 Billion in Crypto Holdings

Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached 5.85 million tokens, representing a significant milestone in its 'Alchemy of 5%' initiative.

The company's total crypto and cash holdings now exceed $14.9 billion, with the value of its ETH stash estimated at over $12.4 billion.

Institutional investors, including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas 'Tom' Lee, have been supporting Bitmine in its goal of acquiring 5% of the total ETH supply.

Lee stated that the recent 30% gain in Ethereum's value is a signal for a larger move, similar to previous instances in May 2025 and July 2021, which saw subsequent gains of +170% and +167%, respectively.