Bitmine Surpasses 5.8M ETH Holdings Amid Crypto Fundamentals Strength

Bitmine Immersion Technologies (BMNR) has made significant strides in its cryptocurrency holdings. The company now owns over 5.82 million ETH tokens, which accounts for 4.8% of the total ETH coin supply of 120.7 million.

This achievement comes on the heels of an impressive 14-month period where Bitmine has been steadily accumulating Ethereum (ETH) holdings. To put this into perspective, the company is now 96% of the way to achieving what it calls the 'Alchemy of 5%', a milestone that represents a significant milestone in its cryptocurrency portfolio.

The strong fundamentals of crypto are also evident in the performance of ETH. In July, Ethereum outperformed the Nasdaq 100 by 2,500 basis points, marking one of the largest gains since July 2025. This is reflective of the growing demand and adoption of cryptocurrencies like ETH.