Bitmine ETH Holdings Reach 5.96 Million Tokens Valued at $15.8 Billion

Bitmine Immersion Technologies has released its weekly treasury update, revealing that its combined crypto, cash, and strategic investments have reached $15.8 billion. This figure includes 5,956,378 ether tokens valued at $2,513 each, as well as stakes in Beast Industries and Eightco Holdings.

The company's ETH holdings account for approximately 4.9% of the total supply, with 5,067,309 tokens staked as of September 7. This represents a significant portion of its treasury, which is valued at $12.7 billion.

Bitmine continues to buy ETH weekly, with 27,180 tokens purchased in the past week alone. Chairman Tom Lee stated that the company is '98% of the way' to achieving its goal of holding 5% of the total supply.