Bitmine Immersion Technologies has disclosed its Ethereum holdings have reached 5.98 million tokens, valued at $17.1 billion.
The company's treasury firm is now just short of controlling 5% of Ether's supply.
This milestone comes after Tom Lee, chairman and co-founder, revealed the 'Alchemy of 5%' target.
Lee has said Bitmine bought Ether every week since its treasury strategy began on June 30, 2025.
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