Bitmine Nears 'Alchemy of 5%' Goal with $14.9 Billion in Crypto Holdings

Bitmine Immersion Technologies (BMNR) has reached a major milestone in its Ethereum holdings, announcing that it now owns 5.85 million tokens, which is 4.8% of the total ETH coin supply of 120.7 million.

The company's crypto and cash holdings have reached $14.9 billion, with Bitmine being 97% of the way to the 'Alchemy of 5%' in just 14 months.

ETH gained 30% in the past week, its largest weekly gain since May 2025 and July 2021, both of which were followed by subsequent gains of +170% and +167%, respectively.