Bitmine Holds 6.02M ETH Tokens, Portfolio Valued at $17.4B
Bitmine Immersion Technologies now controls 4.9% of Ethereum's total supply, amassing a crypto portfolio worth $17.4 billion in just 15 months.
Bitmine Immersion Technologies (ticker: BMNR) announced that its Ethereum holdings have reached 6.02 million ETH tokens, representing approximately 4.9% of the entire circulating ETH supply of 122.1 million tokens. The company disclosed that the combined value of its cryptocurrency holdings, cash, and marketable securities stands at $17.4 billion.
The accumulation milestone is notable for its pace: Bitmine says it has covered 99% of the distance toward what it internally calls the "Alchemy of 5%" threshold — a strategic target for ETH ownership — in only 15 months. The rapid build-up signals an aggressive institutional posture toward Ethereum at a time when large-scale crypto treasury strategies are drawing increased scrutiny and investor attention.
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Beyond its treasury disclosures, the company flagged a high-profile speaking engagement: Tom Lee is scheduled to deliver the opening keynote address at the Token2049 conference in Singapore on October 7, 2026. The appearance at one of the crypto industry's most-watched events is likely to amplify visibility for Bitmine's Ethereum accumulation narrative.
Bitmine was also added to the Russell index on June 26, 2026, a development that broadens its accessibility to institutional investors whose mandates require benchmark inclusion. Index inclusion typically triggers passive fund buying and can meaningfully affect a stock's liquidity and valuation profile.
The disclosures position Bitmine as one of the largest single institutional holders of Ethereum globally, drawing comparisons to the Bitcoin treasury model pioneered by other publicly traded companies in recent years. Continue reading at Cryptocurrency.
