BitMine Surges Past $14B with Record-Breaking Ethereum Stash

BitMine has accelerated its Ethereum (ETH) acquisitions amidst the recent price revival of the altcoin. The company's total ETH holdings have reached 5,847,611 tokens as of August 23, making it one of the largest accumulators in the space.

The firm acquired 32,447 tokens over the past week and its stash now represents approximately 4.8% of Ethereum's entire 120.7 million token supply.

This means that BitMine has completed 97% of its 'Alchemy of 5%' strategy, which is an ambitious move to control 5% of the altcoin's supply.