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Bitmine Tops $10 Billion in Ethereum Holdings, Aims for 'Alchemy of 5%'

Guavy AI Editorial Team
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Bitmine's Ethereum holdings have reached a new milestone, with the company now holding 5.67 million ETH tokens, representing a significant portion of the total ETH supply.

According to the latest update from Bitmine, its ETH holdings are comprised of 5,672,956 ETH at $1,733 per ETH, valued at approximately $10 billion. This represents 4.7% of the total ETH supply, which stands at 120.7 million ETH.

Bitmine's Chairman, Thomas 'Tom' Lee, stated that the company is on track to reach its goal of acquiring 5% of the ETH supply sometime in 2026, a target he referred to as the 'Alchemy of 5%'.

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