Bitmine Surpasses $14.9 Billion in Crypto Holdings Amid Ethereum Price Surge

Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached 5.85 million tokens, accounting for 4.8% of the total ETH supply. This milestone is a significant step towards Bitmine's goal of acquiring 5% of the total ETH coin supply, known as the 'Alchemy of 5%'. The company has been aggressively accumulating ETH, with its treasury now totaling $14.9 billion in crypto and cash holdings.

In the past week, Ethereum (ETH) gained 30%, marking the largest weekly gain since May 2025 and July 2021. Historically, such large weekly gains have preceded significant price increases, with ETH subsequently gaining +170% and +167% after those instances. Bitmine's Chairman, Thomas 'Tom' Lee, attributes this upside move to strengthening fundamentals in crypto, Wall Street tokenization, and agentic-AI.

Bitmine's staking operations are also generating significant revenue, with its annualized staking rewards projected at $381 million at scale. The company has already staked 5.067 million ETH, earning a 7-day yield of 2.67%. Bitmine remains the largest ETH treasury in the world and a premier player in institutional digital asset staking.