Bitmine Surpasses 5 Million ETH Holdings as It Pursues 5% Supply Target

Bitmine's Ethereum holdings have reached 5,983,940 tokens, accounting for 4.9% of the total supply.

The company purchased an additional 27,562 ETH last week, bringing it closer to its target of holding 5% of the Ethereum supply within 15 months.

Bitmine's crypto holdings include $17.1 billion in combined assets, with 212 BTC and a $180 million stake in Beast Industries among other investments.

The company has staked 5,067,309 ETH, worth $13.6 billion at current prices, which covers 85% of its total Ethereum holdings.