Bitmine Reaches New Milestone in Ethereum Holdings

Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached 5.85 million tokens, totaling $14.9 billion in value, according to a recent press release.

This milestone marks a significant achievement for the company, which aims to acquire 5% of the total ETH supply - also known as 'the Alchemy of 5%'. Bitmine has been steadily accumulating ETH since June 30, 2025, and currently holds 4.8% of the total ETH coin supply.

ETH experienced a significant gain last week, rising by 30%. This is the largest weekly increase since May 2025 and July 2021. In both instances, this type of growth was followed by subsequent gains of +170% and +167%, respectively.