Bitmine Reaches $11.3 Billion in Crypto Holdings, Nears 5% ETH Target

Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached 5.8 million tokens, representing 4.8% of the total ETH coin supply of 120.7 million.

The company's total crypto and cash holdings now stand at $11.3 billion, including 209 Bitcoin (BTC), a $180 million stake in Beast Industries, and $61 million invested in Eightco Holdings (NASDAQ: ORBS).

Bitmine has made significant progress towards its goal of acquiring 5% of the total ETH supply, with over 96% achieved in just 13 months.