Bitmine Surpasses $15 Billion in Crypto Holdings Amid ETH Dominance

Bitmine Immersion Technologies (BMNR) has announced that its ETH holdings have reached 5.93 million tokens, representing $14.8 billion at a price of $2,495 per token.

The company owns 4.9% of the total ETH coin supply of 122.0 million and is now 97% of the way to achieving the 'Alchemy of 5%' in just 15 months.

Bitmine's crypto equities are the largest contributor to the Russell 1000 index so far this quarter, with four out of the top 21 stocks being crypto-related.

The company's common stock has seen a gain of 99% for the quarter, ranking fourth in the Russell 1000, while ETH is the best-performing macro asset in Q3 to date, outperforming the S&P 500 by 5,430 basis points.