Bitmine Immersion Technologies Unveils $11.8 Billion Crypto Holdings, Boosts Buyback Program

Bitmine Immersion Technologies (BMNR) has released an update on its operations, revealing $11.8 billion in crypto assets and buybacks.

The company owns 5.79 million ETH tokens, which is 4.8% of the total ETH coin supply of 120.7 million. Bitmine is 96% of the way to achieving the 'Alchemy of 5%' in just 13 months.

'We view the rising ETH/BTC ratio as a sign crypto prices are strengthening,' said Thomas 'Tom' Lee, Chairman of Bitmine. The ratio has reached a 3-month high at 0.3000.