Bitmine Reaches 5.82 Million Ethereum Tokens, Progresses Towards Alchemy of 5%
Bitmine Immersion Technologies (BMNR) announced its ETH holdings have reached 5.82 million tokens, making up 4.8% of the total ETH supply of 120.7 million. This milestone is a significant step towards Bitmine's goal of acquiring 5% of the ETH coin supply.
In just 14 months, Bitmine has progressed 96% of the way to achieving this target, demonstrating its commitment and progress in accumulating crypto for long-term investment.
As of August 16, 2026, Bitmine's total cash holdings and marketable securities amount to $78 million. The company also owns a significant stake in Beast Industries, valued at $180 million, and Eightco Holdings (NASDAQ: ORBS), worth $73 million.
'We are encouraged to see the ETH/BTC ratio rising,' said Thomas 'Tom' Lee, Chairman of Bitmine. 'This is reflective of the strengthening fundamentals of crypto.'