Bitmine Surpasses $11 Billion in Ethereum Holdings

Bitmine Immersion Technologies (BMNR) has significantly increased its Ethereum treasury, now holding 5,815,164 ETH, which accounts for 4.8% of the second-largest cryptocurrency's supply.

This puts Bitmine at the forefront as the largest corporate ether holder globally and the second-largest corporate crypto treasury overall, trailing only Strategy's $58 billion bitcoin position.

The latest figure marks an increase of 9,926 ETH over the prior week and places Bitmine 96% of the way toward its stated 'alchemy of 5%' target, representing 5% of ether's 120.7 million circulating supply.

Bitmine holds a substantial amount of staked ETH through its MAVAN platform and staking partners, with over 5 million tokens valued at $9.6 billion.