Bitmine Surpasses 6 Million Ether in Under 15 Months

Bitmine Immersion Technologies has surpassed 6 million Ether (ETH) after purchasing an additional 17,362 ETH during the preceding week.

As of September 27 at 3 p.m. ET (19:00 UTC), Bitmine held a total of 6,001,302 ETH, valued at $2,698 per token.

This position represents approximately 4.9% of the 122.1 million ETH supply cited by Bitmine.

Bitmine Chairman Thomas 'Tom' Lee stated that the company accumulated more than six million ETH in under 15 months.

The company's 'Alchemy of 5%' strategy aims to own 5% of Ethereum's total supply, and they have been buying ETH every week since launching this strategy on June 30, 2025.