Bitmine Surpasses $12 Billion in Ethereum Holdings Amid Crypto Bull Run

Bitmine Immersion Technologies (BMNR) has announced that its Ethereum holdings have reached 5.90 million tokens, representing approximately $12.7 billion at a price of $2,511 per ETH. This milestone is significant as it puts the company's ETH holdings at nearly 4.9% of the total ETH supply.

The company also reported that its total crypto and cash holdings have surpassed $15.6 billion, making it one of the largest holders of digital assets in the world.

Bitmine's Chairman, Thomas 'Tom' Lee, stated that 'ETH is the cure for the Uncanny Valley of Wealth.' He believes that the upcoming CLARITY Act vote and Korean investors rotating away from AI stocks will drive institutional participation in buying crypto in the final months of 2026.