BMNR Stock Price Slips as Bitmine Reaches 4.9% Ethereum Ownership

Bitmine's (BMNR) Ethereum holdings have reached 5.96 million ETH, representing 4.9% of Ethereum's total supply.

This milestone is a significant step towards Bitmine's goal of reaching 'Alchemy of 5%' ownership, as mentioned by Chairman Tom Lee.

The company acquired 27,180 ETH over the past week, with its total crypto and cash portfolio valued at approximately $15.8 billion.

Despite this notable achievement, BMNR stock price dipped on September 14, attributed to a broader decline in tech and crypto equities.