Bitmine Reaches $15 Billion in Ethereum Holdings Amid 'Alchemy of 5%' Push

Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached 5.90 million tokens, representing $15 billion at a price of $2,511 per ETH.

This milestone comes just over a year into the company's 'Alchemy of 5%' goal, which aims to acquire 5% of the total ETH supply of 120.7 million tokens.

Bitmine currently owns 4.9% of the total ETH coin supply and is 98% of the way to its target in just 15 months.