Bitmine Reaches 4.9% of Total ETH Supply, Holdings Now Over $15 Billion

Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached 5.96 million tokens, representing approximately 4.9% of the total ETH coin supply.

The company's crypto and cash holdings now total $15.8 billion, with $549 million in total cash and marketable securities.

Bitmine's chairman, Tom Lee, stated that the current price ratio of ETH to BTC has moved to its highest level since January 30th this year, establishing a new uptrend.

This trend is expected to continue due to Ethereum's strengthened position as the settlement rails for Wall Street tokenization and agentic-AI using blockchains.