BitMine Hits $15.6B Treasury Mark with Record-Ethanol Holdings

BitMine Immersion Technologies has disclosed that its Ethereum holdings have reached 5,901,112 tokens, with the firm's combined crypto, cash, and equity position now totaling $15.6 billion.

The company acquired 53,501 ETH over the past week, extending a run of consecutive weekly purchases to 65 weeks since the inception of its Ethereum Treasury Strategy.

BitMine aims to reach 5% of the total ETH supply, which would position it for increased staking revenue and broader institutional validator services. The firm's treasury currently represents approximately 4.9% of the total ETH supply, leaving it within 0.1 percentage points of its target.