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Bitmine Reaches $15.8 Billion Crypto Holdings Milestone

Guavy AI Editorial Team
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Bitmine Immersion Technologies, Inc., has announced its crypto, cash, and marketable securities holdings have reached $15.8 billion.

The company's Ethereum (ETH) holdings now represent 4.9% of the total ETH supply, totaling 122 million coins at a price of $2,513 per coin.

Bitmine's Chairman Tom Lee believes that the current strength in the absolute price of ETH and its ratio to Bitcoin (BTC) is significant due to Ethereum's growing use as a settlement rail for Wall Street tokenization and agentic-AI.

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