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Bitmine Reaches $15.7 Billion in Crypto Holdings with 4.9% of Total ETH Supply

Guavy AI Editorial Team
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Bitmine Immersion Technologies (BMNR) has announced that its Ethereum holdings have reached 5.93 million tokens, accounting for 4.9% of the total ETH coin supply of 122.0 million.

The company's crypto and cash holdings now total $15.7 billion, with ETH being the best-performing macro asset in Q3 so far, outperforming the S&P 500 by 5,430bp.

Bitmine's Chairman Tom Lee stated that fund managers benchmarked to the Russell 1000 should consider sufficient exposure to crypto given its outsized contribution to gains this quarter. The company's common stock has gained 99% compared to 3% for the Russell 1000 benchmark.

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