Bitmine's Ethereum Holdings Reach $15.2 Billion

Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached 5.96 million tokens, worth $15.2 billion at current prices. This represents a significant milestone for the company, which is now 98% of the way to achieving the 'Alchemy of 5%' in just 15 months.

Tom Lee, Chairman of Bitmine, stated that the price ratio of ETH to BTC has moved up to its highest level since January and established a new uptrend. He attributed this to Ethereum's strengthened position as a settlement rail for Wall Street tokenization and the increasing realization that Ethereum may play a critical central role in managing agentic-AI.

Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world, according to Lee. The company has bought ETH each week since the inception of the ETH Treasury Strategy on June 30, 2025.