Bitmine Hits 98% Mark for 'Alchemy of 5%' with $15.6 Billion ETH Holdings

Bitmine, an Ethereum and Bitcoin Network company, has announced its significant holdings of ETH tokens, totaling $15.6 billion in value. This includes 5.90 million ETH tokens, which represent 4.9% of the total ETH coin supply of 120.7 million.

In just 15 months, Bitmine has reached 98% of its goal to achieve an 'Alchemy of 5%', a feat that demonstrates the company's successful strategy in accumulating crypto assets for long-term investment.

Notably, the value of ETH tokens held by Bitmine is equivalent to $12.7 billion at a price of $2,511 per ETH, with 211 BTC and other holdings adding to its total assets.