BitMine Nears 5% Ethereum Milestone with Treasury Expansion

BitMine Immersion Technologies has significantly boosted its Ethereum treasury to 5.797 million tokens, making it one of the largest corporate holders of ETH globally.

The Norwalk-based firm, chaired by Tom Lee, added another 10,399 ETH over the past week, taking its combined crypto, cash, marketable securities, and 'moonshot' investments to $11.3 billion.

BitMine's ETH holdings now represent approximately 4.8% of the network's 120.7 million token supply, putting it 96% of the way towards its self-styled 'Alchemy of 5%' objective in just thirteen months.