Bitmine Reaches New Milestone with $11.3 Billion in Crypto and Cash Holdings

Bitmine Immersion Technologies (BMNR) has made significant strides in its Ethereum holdings, announcing that it now owns 5.8 million ETH tokens. This represents 4.8% of the total ETH coin supply of 120.7 million.

The company's crypto and cash holdings have reached a total value of $11.3 billion, with Bitmine being 96% of the way to its 'Alchemy of 5%' goal in just 13 months.

In July, ETH outperformed the Nasdaq 100 by 2,500 basis points, marking the largest outperformance since July 2025 and reflecting the strengthening fundamentals of crypto.